According to Tech in Asia, Singapore and the United Kingdom will jointly develop regulatory standards for global cryptocurrencies and digital assets, and hold dialogues in areas such as central bank digital currencies. Both countries emphasized the need for these efforts, including participation in international standard-setting bodies. In addition, they agreed to continue dialogue and cooperation on the regulation of cryptocurrencies and digital assets, as well as other areas such as sustainable finance, fintech and innovation. In June, the Monetary Authority of Singapore published a white paper containing standards for the use of digital currencies, including central bank digital currencies. The white paper was prepared in cooperation with the International Monetary Fund and central banks such as Italy and South Korea.