UK and Singapore Forge New AI and Tokenization Pact in London Talks
The post UK and Singapore Forge New AI and Tokenization Pact in London Talks appeared on BitcoinEthereumNews.com. In brief The UK and Singapore met this week to discuss AI regulation, crypto oversight, and other digital innovations. Among them, they shared progress on Project Guardian and Global Layer One. The two parties agreed to collaborate on AI. British and Singaporean officials met in London this week for the 10th UK-Singapore Financial Dialogue, using the talks to align approaches to digital finance, including tokenized assets and artificial intelligence. Held on Wednesday, the meeting brought together representatives from the UK’s Financial Conduct Authority and the Monetary Authority of Singapore, as well as other financial and regulatory representatives. The two countries agreed to continue working together on Project Guardian, a joint initiative between regulators and the investment sector aimed at testing the real-world potential of tokenized financial assets. The next phase will involve closer collaboration with industry groups such as the UK Investment Association and the Investment Management Association of Singapore, with a focus on how tokenization could reshape investment from a client perspective. Discussions also touched on the Global Layer One initiative, which both nations back. The UK shared its early experience with the project, while Singapore provided updates on progress. GL1 aims to create shared ledger systems that enable the trading of tokenized assets across borders with reduced technical and regulatory barriers. A new age Alongside the promise of digital innovation, the talks also demonstrate how governments are grappling with rapidly evolving regulatory challenges in the digital space. Singapore’s recent tightening of crypto exchange rules—announced just days earlier—marks growing concerns in the country about risks of financial crime and market instability related to crypto. Meanwhile, the UK is attempting to strike a balance between encouraging tech sector growth and preventing misuse, particularly in the realm of AI. Artificial intelligence drew significant attention during the talks. The FCA and MAS…
The post UK and Singapore Forge New AI and Tokenization Pact in London Talks appeared on BitcoinEthereumNews.com.
In brief The UK and Singapore met this week to discuss AI regulation, crypto oversight, and other digital innovations. Among them, they shared progress on Project Guardian and Global Layer One. The two parties agreed to collaborate on AI. British and Singaporean officials met in London this week for the 10th UK-Singapore Financial Dialogue, using the talks to align approaches to digital finance, including tokenized assets and artificial intelligence. Held on Wednesday, the meeting brought together representatives from the UK’s Financial Conduct Authority and the Monetary Authority of Singapore, as well as other financial and regulatory representatives. The two countries agreed to continue working together on Project Guardian, a joint initiative between regulators and the investment sector aimed at testing the real-world potential of tokenized financial assets. The next phase will involve closer collaboration with industry groups such as the UK Investment Association and the Investment Management Association of Singapore, with a focus on how tokenization could reshape investment from a client perspective. Discussions also touched on the Global Layer One initiative, which both nations back. The UK shared its early experience with the project, while Singapore provided updates on progress. GL1 aims to create shared ledger systems that enable the trading of tokenized assets across borders with reduced technical and regulatory barriers. A new age Alongside the promise of digital innovation, the talks also demonstrate how governments are grappling with rapidly evolving regulatory challenges in the digital space. Singapore’s recent tightening of crypto exchange rules—announced just days earlier—marks growing concerns in the country about risks of financial crime and market instability related to crypto. Meanwhile, the UK is attempting to strike a balance between encouraging tech sector growth and preventing misuse, particularly in the realm of AI. Artificial intelligence drew significant attention during the talks. The FCA and MAS…
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