The Abu Dhabi Global Market’s Financial Services Regulatory Authority (FSRA) and the Bermuda Monetary Authority (BMA) have recently inked a Memorandum of Understanding (MOU) regarding digital assets. This landmark agreement paves the way for close cooperation between the two regulatory bodies in overseeing digital assets entities within their respective jurisdictions. The primary goals of this MOU are to promote responsible innovation in the digital asset sector, facilitate the sharing of vital information, and ensure effective supervision of digital assets. Both parties are committed to fostering innovation while upholding market stability and enhancing expertise. Additionally, the MOU outlines plans for future collaboration in various areas, including publications, supervisory colleges, working groups, and training initiatives.
