Odaily Planet Daily News: Hong Kong Financial Secretary Paul Chan Mo-po stated today during a program 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 threaten financial stability. He emphasized that the Hong Kong government must handle these cautiously, incorporating appropriate regulatory frameworks. At the same time, Chan Mo-po expressed skepticism about the widespread promotion of virtual currency investments to the public, believing that more education and publicity are needed. (Hong Kong Commercial Daily)
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