CoinVoice has recently learned that the Chief Executive of the Hong Kong Special Administrative Region, John Lee, stated that the government will continue to promote the policy stance and guidelines for the application of artificial intelligence in innovative financial services such as central bank digital currency, mobile payments, virtual banks, virtual insurance, and virtual asset trading.
The measures include: 1. Promoting cross-border payment applications with central bank digital currency. The Hong Kong Monetary Authority is actively testing and exploring more technical solutions and scenarios related to cross-border trade settlement on various central bank digital currency cross-border networks, and expanding the participation of public and private institutions. 2. Improving the regulation of virtual assets and transactions. The Treasury Bureau will complete the second round of consultation on the regulation of over-the-counter transactions of virtual assets and submit a virtual licensing system for virtual asset custody service providers. 3. Promoting the tokenization of real-world assets and the digital currency ecosystem. The Hong Kong Monetary Authority is promoting the Ensemble project. [Original link]