Cross-Border & Passport
Memorandum of Understanding (MoU)
Bilateral or multilateral agreement between regulators for information-sharing and supervisory cooperation.
Definition
An MoU is a formal but non-binding agreement between regulators establishing the terms for information-sharing, joint inspections, and supervisory cooperation. ESMA and EU NCAs have MoUs with regulators in major non-EU jurisdictions covering crypto-asset matters.