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Hong Kong Financial Secretary: The development and regulation of digital assets in Hong Kong have advanced earlier than in Europe

2026-05-25 05:10:53

Golden Finance reports that on May 25th, Hong Kong Financial Secretary Paul Chan released the "Secretary's Essays" stating that making good use of blockchain and artificial intelligence technology is an inevitable trend for future financial development. However, it also brings practical governance challenges, such as criminals and terrorists attempting to exploit regulatory differences between countries for money laundering and fundraising activities. Hong Kong's principles, practices, and experiences in digital asset development and regulation are ahead of Europe, with considerable room for cooperation and mutual learning. Besides promoting healthy industry development, this can also contribute to global governance.

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