Hong Kong unveils financial AI policy guidelines, establishing a framework and proposing tax breaks for virtual assets.

Hong Kong has introduced its inaugural policy guidelines for the use of artificial intelligence (AI) in finance, aiming to establish a regulatory framework across various financial sectors. The guidelines require institutions to develop AI governance strategies. Additionally, the government proposes tax breaks for virtual assets like cryptocurrencies, seeking to support AI development while addressing associated challenges and promoting public awareness of AI's implications in finance.

October 28, 2024
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