The Abu Dhabi Global Market Financial Services Regulatory Authority and the Bermuda Monetary Authority have announced the signing of an agreement on digital assets.

The agreement establishes a framework for cooperation between the two authorities to support the establishment of digital asset companies under their supervision and ensure effective oversight.

This framework includes cooperation in regulatory areas, oversight mechanisms, assistance in investigations, and capacity-building initiatives.

The CEO of the Bermuda Monetary Authority has stated that the agreement with the Abu Dhabi Global Market Financial Services Regulatory Authority represents an important step towards strengthening ties between our regulatory authorities.

It supports innovation, develops capabilities and resources through international cooperation, enhances market stability, and enriches expertise to meet the evolving needs of the digital assets sector.

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