Japanese and Singaporean regulators be part of forces on crypto pilot venture

On June 26, Japan’s monetary regulator, the Monetary Companies Authority (FSA), introduced a partnership with the Financial Authority of Singapore (MAS) for the joint regulation and pilot testing of cryptocurrency tasks in accordance with the latter’s “Mission Guardian” initiative. The participation might be restricted to observer capability for the FSA in its present part. The regulators wrote:

Established in Could 2022 by the MAS, Mission Guardian seeks to check the “feasibility of purposes in asset tokenisation and DeFi,” in accordance with correct rules. The venture has 4 areas of focus — open and interoperable networks, belief anchors, asset tokenization and institutional-grade DeFi protocols. In a single notable venture from the initiative:

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