Hong Kong Financial Secretary: Hong Kong's Digital Asset Development and Regulation Were Advanced Earlier Than Europe

BlockBeats News, May 25th - Hong Kong Financial Secretary Paul Chan released his "Secretary's Blog" pointing out that leveraging blockchain and artificial intelligence technology is an inevitable trend for the future development of finance. However, it also brings practical governance challenges, such as criminals and terrorists attempting to exploit regulatory arbitrage for money laundering and fundraising activities. Hong Kong is ahead of Europe in the principles, practices, and experiences in the development and regulation of digital assets. There is ample room for cooperation and mutual learning between the two, which can not only promote the healthy development of the industry but also contribute to global governance.