Risk Warning: Beware of illegal fundraising in the name of 'virtual currency' and 'blockchain'. — Five departments including the Banking and Insurance Regulatory Commission
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Paul Chan: Hong Kong's stablecoin emphasizes protecting investors and the stability of the financial system
3hours ago

Odaily Planet Daily reports that Hong Kong Financial Secretary Paul Chan Mo-po stated at the Belt and Road Forum that artificial intelligence is a key driver of digital innovation. Hong Kong has made AI development a policy priority and is rapidly advancing the development of related data, capital, and talent. Chan also noted that Hong Kong has introduced a licensing system for virtual asset exchanges and stablecoins, emphasizing a prudent and risk-based approach to safeguard investors and the stability of the financial system. (Aastocks)