Hong Kong's Digital Asset Regulation Ahead of Europe, Says Financial Secretary Chen

GateNews
According to Hong Kong Financial Secretary Chen Mao-bo, in his latest statement, Hong Kong's digital asset development and regulatory approach have advanced further than Europe, positioning the city as a leader in blockchain governance. Chen noted that leveraging blockchain and artificial intelligence technology is an inevitable trend for future financial development, while acknowledging challenges such as money laundering and terrorist financing risks exploited through regulatory arbitrage across borders. He highlighted significant opportunities for cooperation and mutual learning between Hong Kong and European regulators to promote healthy industry development and contribute to global governance.
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