Hong Kong Economic Times reports that Financial Secretary Paul Chan Mo-po stated during a program today that Hong Kong's economy grew by 3.2% last year. Regarding the development of virtual currencies and artificial intelligence, Chan Mo-po pointed out that virtual currencies are part of financial innovation and Hong Kong should embrace them. However, he noted that the confidentiality of blockchain technology could lead to insufficient investor protection, impact anti-money laundering efforts, and pose risks to financial stability. He emphasized that the Hong Kong government must handle these cautiously and incorporate appropriate regulatory frameworks. At the same time, Chan Mo-po expressed skepticism about the widespread promotion of virtual currency investment to the public, believing that more educational outreach should be strengthened. (Hong Kong Commercial Daily)
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Hong Kong Economic Times reports that Financial Secretary Paul Chan Mo-po stated during a program today that Hong Kong's economy grew by 3.2% last year. Regarding the development of virtual currencies and artificial intelligence, Chan Mo-po pointed out that virtual currencies are part of financial innovation and Hong Kong should embrace them. However, he noted that the confidentiality of blockchain technology could lead to insufficient investor protection, impact anti-money laundering efforts, and pose risks to financial stability. He emphasized that the Hong Kong government must handle these cautiously and incorporate appropriate regulatory frameworks. At the same time, Chan Mo-po expressed skepticism about the widespread promotion of virtual currency investment to the public, believing that more educational outreach should be strengthened. (Hong Kong Commercial Daily)