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UAE and Hong Kong Collaborate on Virtual Assets and Finance
In a bold move that amplifies the role of technology in global finance, the Central Bank of the United Arab Emirates (CBUAE) and the Hong Kong Monetary Authority (HKMA) have recently joined hands to strengthen their financial cooperation. The two monetary authorities held a significant bilateral meeting on May 29, aimed at enhancing collaboration between the financial services sectors of the two jurisdictions. The meeting saw a spirited discussion on several collaborative initiatives, with an agreement to enhance cooperation in three major areas - financial infrastructure, financial market connectivity, and significantly, virtual asset regulations and developments.