Hong Kong's recent moves are indeed ahead of the curve; regulation and innovation working hand in hand is the right approach.

Mars Finance News, on May 25th, Hong Kong Financial Secretary Paul Chan issued a "Secretary's Essay" 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 plenty of room for cooperation and mutual learning. Besides promoting healthy industry development, this can also contribute to global governance.