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Dubai International Financial Center: Close communication with Hong Kong on cross-border supervision of virtual assets, potential cooperation in payment services

Dubai International Financial Centre (DIFC) officials said that the two places are developing rapidly in the financial technology ecosystem and hope to strengthen and promote cooperation. Jacques Visser, its chief legal advisor, said that virtual asset supervision will now pay more attention to cross-border supervision. It will communicate closely with other regions, including Hong Kong, including all tokenized assets and assets with transaction value under Web3. A lot of work is underway, including cooperation and coordination of cross-border supervision. Jacques Visser believes that there is a lot of potential for cooperation with Hong Kong, such as in payment services. He believes that payment services are the key to the future of finance and fintech. He believes that there are many places where both parties want to promote development in the future, and there are similar interests in related products.