Hong Kong Securities Regulator Discusses Crypto And AI Regulation With Asia-Pacific Counterparts

According to PANews, the Hong Kong Securities and Futures Commission (SFC) has engaged in discussions with representatives from 12 Asia-Pacific securities market regulatory bodies regarding the regulation of crypto assets, tokenization, and artificial intelligence. This move comes as virtual assets increasingly become mainstream investment products. The discussions aimed to explore regulatory approaches to these emerging technologies and their implications for the financial markets. In addition to these discussions, the SFC hosted the first meeting of the International Organization of Securities Commissions (IOSCO) Asia-Pacific Regional Committee's Supervisory Directors Network. The meeting featured interactive discussions and the sharing of the latest market developments and observations from the business community. A commercial bank also conducted a live demonstration of artificial intelligence applications, showcasing the practical use of AI in the financial sector.