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

MarsBitNews
Mars Finance News, May 25 — Hong Kong Financial Secretary Paul Chan published "Secretary's Essays" stating that making good use of blockchain and artificial intelligence technologies is an inevitable trend for future financial development. However, it also presents 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 growth, this can also contribute to global governance.
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ProtocolPicnic
· 1h ago
It's okay to be ahead in Europe, but how do you compare to Singapore?
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GateUser-88d5d071
· 2h ago
Blockchain + AI is indeed the trend, but implementation is much more difficult than just slogans.
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GateUser-8f9ccfec
· 2h ago
The regulatory differences being exploited by bad actors are indeed troublesome. Can AI + on-chain tracking break the deadlock?
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OracleSkeptic
· 2h ago
The Financial Secretary personally stepped in to write an essay, prioritizing it to the fullest.
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QuietRugAlarm
· 2h ago
Looking forward to mutual learning and cooperation with Europe, don't just play by yourself.
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SolitaryLampInTheSilentSea
· 2h ago
Hong Kong is indeed ahead of Europe in this wave; there's definitely something to it.
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