Vietnam and Singapore signed a Memorandum of Understanding to regulate the digital asset market and strengthen the fight against money laundering and terrorist financing

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The Chairman of the Vietnam Securities Commission (SSC), Vu Thi Chan Fiong, and the Deputy Director-General of the Monetary Authority of Singapore (MAS), Tuan Li Lim, signed a Memorandum of Understanding. The agreement aims to create a legal framework for regulating the digital asset market in Vietnam and strengthen cooperation in the fight against money laundering and terrorist financing. Under this partnership, Singapore will help Vietnam develop appropriate laws and enhance the monitoring of digital transactions, strengthening the stability of the financial markets in both countries.

This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.

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