Chen Maobo: Hong Kong leads Europe in digital asset development and regulation and can provide a reference for global governance

Comparing news, Hong Kong's Financial Secretary Chan Mao-po issued “Secretary's Essay” stating that making good use of blockchain and artificial intelligence technology is an inevitable trend in future financial development, yet it also poses practical governance challenges, such as criminals and terrorists trying to use international regulatory differences to carry out money laundering and fund-raising activities. Hong Kong's principles, practices and experience in digital asset development and regulation are ahead of Europe, and there is plenty of room for mutual cooperation and mutual appreciation. Apart from promoting the healthy development of the industry, they can also contribute to global governance.