Hong Kong officials and industry insiders touted the city’s cryptocurrency trials and regulatory stability as strengths for the market at the Belt and Road Forum on Thursday, as the crypto euphoria surrounding the re-election of Donald Trump to the US presidency pushed the price of bitcoin past US$100,000 this week. “Trump is unpredictable. He may…
With the recent whirlwind of advances in the development of artificial intelligence (AI), it is natural for businesses and investors to want to leverage its power for future growth. It is also natural to have concerns about misuse and abuse by scammers. As such, the new government policy for “responsible” use of AI at the…
Jeremy Allaire, CEO of the USDC stablecoin issuer Circle, said Hong Kong is becoming an increasingly important market for settlements as stablecoins become a critical part of that infrastructure. “In emerging and developing markets … there are importers who are importing out of Asia, and a lot of the trade flow is settled through Hong…
Artificial intelligence is expected to outshine Web3 at this year’s FinTech Week, which kicks off at the end of the month, as organisers InvestHK and Finoverse tease a slate of mainland Chinese exhibitors looking to ride the generative AI wave. “[There is] a huge increase in mainland Chinese companies’ representation at this year’s event ……