ASIC reaching out to counterpart in Singapore

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According to NewsBTC “the Australian Securities and Investments Commission has reached out to the Monetary Authority of Singapore to make sure regulatory measures do not hinder the growth for Fintech and Bitcoin“.

This would be certainly interesting if ASIC were to negotiate another Co-operation Agreement like the one it agreed with the UK FCA, creating a bridge to Singapore for Australian blockchain startups (and vice versa). Jasmin Dhillon author at Finance Magnates considers that it will be similar.