CryptoMediaClub
Friday, October 3, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home All news

Hong Kong Works on AI Usage Policy for Financial Industry

28.10.2024
A A
0
120
VIEWS
ShareShare

The Hong Kong government published a policy on the responsible use of artificial intelligence (AI) in the financial sector. The document emphasizes support for innovation, risk management, and data protection.

Hong Kong Regulates Use of AI in Financial Sector

The Hong Kong Financial Services and the Treasury Bureau (FSTB) released a document outlining the bureau’s overall approach to the use of AI in the financial services industry. The document focuses on improving user experience, efficiency and security through the use of artificial intelligence. The regulator also defines principles for the responsible use of AI developments.

In particular, the FSTB representatives highlighted several areas in the document where the use of AI is particularly promising, namely:

  • research and data analysis;
  • investment strategy development;
  • customer service improvement;
  • risk assessment automation;
  • crime detection and prevention;
  • operational process optimization.

In addition, the FSTB formulated an approach to facilitate the adoption of AI technologies and address potential challenges associated with this process. The government intends to work with financial regulators and service providers to implement the proposed initiative.

Currently, AI technologies in Hong Kong’s financial industry are used in the securities market, as well as in banking, insurance, accounting, pension fund management, and environmental initiatives. The government plans to set up a special supervisory system to mitigate various risks associated with the introduction of AI developments, including the protection of all stakeholders, particularly in relation to job losses and respect for intellectual property rights.

The Securities and Futures Commission of Hong Kong (SFC), the local financial regulator, is also planning to publish a document soon detailing the rules, regulations, and risks associated with the adoption of AI technologies.

Local regulators previously began the process of aligning reporting requirements for over-the-counter (OTC) transactions with international standards.

Сообщение Hong Kong Works on AI Usage Policy for Financial Industry появились сначала на CoinsPaid Media.

Share9Tweet6ShareSharePin2

Related Posts

Nomura Unit Eyes Wider Access To Crypto Trading In Japan: Report
All news

Nomura Unit Eyes Wider Access To Crypto Trading In Japan: Report

03.10.2025
0

Nomura Holdings is preparing to deepen its presence in Japan’s digital asset market as crypto activity surges, with its wholly...

Read moreDetails
Bitcoin Breaks $120K As ‘Uptober’ Momentum Rises, Shutdown Fails To Stall Gains

Bitcoin Breaks $120K As ‘Uptober’ Momentum Rises, Shutdown Fails To Stall Gains

03.10.2025
Crypto Price Prediction Today October 2 – XRP, Pepe, Dogecoin

Crypto Price Prediction Today October 2 – XRP, Pepe, Dogecoin

03.10.2025
XRP Price Prediction: SWIFT Partners With Ethereum Firm – Is Ripple Losing the Payments Race It Started?

XRP Price Prediction: SWIFT Partners With Ethereum Firm – Is Ripple Losing the Payments Race It Started?

03.10.2025
Spot Bitcoin ETF Volume Tops $5 Billion as Price Breaks $120K – ATH Next?

Spot Bitcoin ETF Volume Tops $5 Billion as Price Breaks $120K – ATH Next?

03.10.2025
Load More
Next Post
Bitmain Denies Involvement in TSMC-Huawei Supply Chain Probe

Bitmain Denies Involvement in TSMC-Huawei Supply Chain Probe

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Prominent Author Robert Kiyosaki Warns of More Bank Failures

Prominent Author Robert Kiyosaki Warns of More Bank Failures

2 years ago
Tether CTO Aims Dig At DCG For Doubting USDT’s Resilience

Tether CTO Aims Dig At DCG For Doubting USDT’s Resilience

2 years ago
China’s Supreme Procuratorate Outlines Crypto Focus in New AML Law

China’s Supreme Procuratorate Outlines Crypto Focus in New AML Law

10 months ago
Bitcoin Smashes Past Record $88,000 Milestone Just Days After Hitting $80,000 – Is “Altseason” Next?

Bitcoin Smashes Past Record $88,000 Milestone Just Days After Hitting $80,000 – Is “Altseason” Next?

11 months ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Will a Europe-US BTC reserve race actually happen?

XRP Price Prediction: SWIFT Partners With Ethereum Firm – Is Ripple Losing the Payments Race It Started?

Why is Bitcoin near all-time highs? Everything that happened in crypto today

Spot Bitcoin ETF Volume Tops $5 Billion as Price Breaks $120K – ATH Next?

PUMP Price Prediction: Key Indicator Just Flashed Green – PUMP is About to Explode Higher

CME Group to Launch 24/7 Crypto Futures and Options Trading in Early 2026

Trending

Nomura Unit Eyes Wider Access To Crypto Trading In Japan: Report
All news

Nomura Unit Eyes Wider Access To Crypto Trading In Japan: Report

03.10.2025
0

Nomura Holdings is preparing to deepen its presence in Japan’s digital asset market as crypto activity surges,...

Bitcoin Breaks $120K As ‘Uptober’ Momentum Rises, Shutdown Fails To Stall Gains

Bitcoin Breaks $120K As ‘Uptober’ Momentum Rises, Shutdown Fails To Stall Gains

03.10.2025
Crypto Price Prediction Today October 2 – XRP, Pepe, Dogecoin

Crypto Price Prediction Today October 2 – XRP, Pepe, Dogecoin

03.10.2025
Will a Europe-US BTC reserve race actually happen?

Will a Europe-US BTC reserve race actually happen?

03.10.2025
XRP Price Prediction: SWIFT Partners With Ethereum Firm – Is Ripple Losing the Payments Race It Started?

XRP Price Prediction: SWIFT Partners With Ethereum Firm – Is Ripple Losing the Payments Race It Started?

03.10.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz