Official announcements from the Hong Kong government or financial authorities

Hong Kong Unveils AI Finance Policy, Proposes Crypto Tax Break, Plans More Digital-Asset Licenses

Oct 28, 2024, 04:36 AM

Hong Kong has outlined its first policy guidelines dedicated to the use of artificial intelligence (AI) in finance and proposed a tax break for virtual assets. The entire document, titled 'Policy Statement on Responsible Application of Artificial Intelligence in the Financial Market,' is available. These measures are part of efforts to promote Hong Kong as an Asian business center. Additionally, authorities expect to license more digital-asset exchanges by the end of 2024 following a five-month inspection period.