Hong Kong Unveils AI Policy for Finance, Floats Tax Breaks for Crypto – BNN Bloomberg
(Bloomberg) — Hong Kong outlined its first policy guidelines dedicated to the use of AI in finance and floated a tax break for virtual assets, part of efforts to promote itself as an Asian business center.
On Monday, government officials touted a common framework through which different regulatory agencies can craft policy governing the use of AI, considered key to the future of finance and other sectors. They also proposed the extension of a tax break on the ownership of digital assets such as cryptocurrencies, promising legislation by the end of the year.
Hong Kong is keen to burnish its credentials as Asia’s go-to center for financial services. It wants to win back investors who’ve fled the city’s markets in the face of…
