Treasury Minister says Hong Kong is to introduce licensing regimes for VASPs, OTCs, and stablecoins to curb crime, which shot up five times in the past three years.
Ethiopian Investment Holdings has signed the deal with Hong Kong’s West Data Group for data mining and AI, but an insider revealed that it involved BTC mining.
Hong Kong has showcased the potential of blockchain in powering up the financial sector with the sale of $750 million worth of digital green bonds, which will be issued using HSBC's Orion.
The HKGCC made the suggestions in a Budget Submission to the Office of the Financial Secretary, calling for the rollout of stablecoins backed by the U.S. dollar and other leading global currencies.
As the deadline looms, Hong Kong has reiterated its pledge to shut down all unlicensed VASPs by the end of May, even as it called for vigilance from investors.
Cost-saving, transparency, and increased asset liquidity are cited as benefits of its pivot to tokenization while maintaining full compliance with Hong Kong's capital market rules, according to GF Securities.
Hong Kong’s data protection watchdog expressed concern over how Worldcoin is collecting and storing the biometric data, as well as how it is utilizing it.
While Hong Kong is seen as a prime environment for artificial intelligence adoption, a survey identified some risks that may hinder the development of the emerging sector, including the city-state's stringent regulations.
Hong Kong researchers unveil AI4K12 framework, tailored for K-12 education, introducing young students to robotics and AI concepts for a digital society's understanding and safe usage.
Blockchain-based operators that clamored for regulatory clarity could see their desire granted this 2024, with a new report shedding light on regulators' efforts to establish clear standards.
Despite the risks posed by stablecoins, Hong Kong regulators are keen to approve the tokenized assets, but not without reservations, which they detailed in a newly published consultation paper.