The UK and Singapore have agreed to jointly develop and implement global regulatory standards for cryptocurrencies and digital assets as part of their ongoing financial dialogue and partnership.
The two countries also discussed their respective stances on central bank digital currencies (CBDC). Both countries have emphasized the need to be part of international standard-setting bodies such as the International Organization of Securities Commissions and the Financial Stability Board.
The UK and Singapore also agreed to continue dialogue and cooperation in the regulation of cryptocurrencies and digital assets, as well as in other areas such as sustainable finance, fintech and innovation.