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The Hong Kong government has unveiled its first guidelines on the practice of responsible use of artificial intelligence and embraced blockchain, as local regulators seek to stay ahead of the pace of the technological revolution, which is likely to disrupt financial services.
The digitalization of the modern world is a trend that continues to evolve as many new options are introduced to our everyday lives, especially in money transactions and processing. New technologies and innovations in the sphere of finance allow much easier access to cash services online and the execution of swift and secure transactions.
Eastern Asia is the sixth largest cryptocurrency economy in the world this year, accounting for 8.9% of global crypto value received between July 2023 and June 2024. South Korea and Hong Kong stand out as the most crypto-active countries in the region, with institutions driving increased adoption.
Hong Kong’s financial secretary Paul Chan said that the city has all the capabilities necessary to facilitate the implementation of the Belt and Road Initiative.
Hong Kong stock indexes on Monday, August 19, showed growth against the background of the rising value of shares of technology companies.
The process of implementing generative artificial intelligence, which is currently underway at the global level and demonstrates the tendency of gradual sustainable scaling, is likely to strengthen and probably will increase and diversify the possibilities of the video game industry in Hong Kong.
Hong Kong DeFi company CashOn launched an innovative lending platform that helps customers access cash liquidity by using digital currencies.
The new inverse Bitcoin ETF enables investors to profit from the crypto asset price declines
One of the biggest players in China’s artificial intelligence industry, iFlytek, presented a five-year investment plan for the activity in Hong Kong on Friday, July 19.
Leading Chinese researchers advise Beijing to step up its efforts to raise large amounts of foreign investment by focusing on its role in the Asian supply chain and using Hong Kong’s offshore position for appropriate purposes.
Hong Kong-based cryptocurrency exchange Gate.HK has closed down due to non-compliance with local licensing requirements, which will take effect on June 1.
Worldcoin, a digital identity scanning startup co-founded by OpenAI CEO Sam Altman, has been notified about the need to stop its operations in Hong Kong.
The Hong Kong economy in the first quarter of the current year demonstrated growth rates that significantly exceeded preliminary expectations for the dynamic of the corresponding indicator.
Spot Bitcoin and Ethereum exchange-traded funds (ETFs), the first crypto ETFs in Asia, have officially gone live in the Hong Kong stock market today.
Moving ahead of the U.S. regulators, the SEC of Hong Kong has officially approved both Bitcoin and Ethereum ETF products from major local asset managers.
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