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Chan Maobo: Hong Kong's digital asset development and regulation lead Europe, providing a reference for global governance

SmartContractAuditor

2026-05-25 05:06:27

Odaily Planet Daily News: Hong Kong Financial Secretary Paul Chan Mo-po released the "Secretary's Essays" stating that making good use of blockchain and artificial intelligence technology is an inevitable trend for future financial development. However, it also brings practical governance challenges, such as criminals and terrorists attempting to exploit regulatory differences between countries for money laundering and fundraising activities. Hong Kong's principles, practices, and experiences in digital asset development and regulation are ahead of Europe, with plenty of room for cooperation and mutual learning. Besides promoting healthy industry development, this can also contribute to global governance.

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