Hong Kong’s government plans to regulate AI in finance by issuing policies at the upcoming FinTech Week.
The Hong Kong government will reportedly issue policies for the finance sector around the use of artificial intelligence by the end of October.
By introducing new policies, Hong Kong authorities aim to increase the use of AI in Hong Kong’s traditional trading, investment banking and cryptocurrency markets.
Hong Kong’s Financial Services and the Treasury Bureau (FSTB), a government agency dedicated to implementing policies on finance and treasury, will issue a framework for the ethical use of AI in the finance markets. A Bloomberg report, citing unnamed sources, said that officials are currently drafting the policy document while getting feedback from the industry.
