Hong Kong Set to Release AI Guidelines for Finance, Including Crypto

The Hong Kong government is reportedly gearing up to release its first policy statement on using artificial intelligence (AI) in finance. This move could drive AI adoption in trading, investment banking and cryptocurrency markets. Bloomberg reported Tuesday that Hong Kong’s Financial Services and Treasury Bureau (FSTB) is developing the guideline framework. This framework will address the ethical concerns in AI usage. AI’s capacity to handle large datasets, predict outcomes and automate decisions requires a careful strategy to ensure both efficiency and ethical use.

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