According to ChainCatcher, Hong Kong Chief Executive John Lee said that the government will continue to promote the policy stance and guidelines of applying artificial intelligence to innovative financial services such as central bank digital currency, mobile payment, virtual banking, virtual insurance, and virtual asset trading.
The measures include: 1. Promoting cross-border payment applications using 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.