Hong Kong: Open market for cryptocurrencies and AI innovation

Hong Kong: Open market for cryptocurrencies and AI innovation

Known as a hub of financial innovation, Hong Kong continues to profile itself as an open and dynamic market for cryptocurrencies. In a recent speech at the Consensus 2025 conference, Hong Kong's Financial Secretary Paul Chan Mo-po confirmed this, highlighting the city's efforts to become a regional leader in digital assets.

During his speech, Mo-po highlighted the exciting combination of artificial intelligence and blockchain, which he said will lead to new use cases and innovation. "Hong Kong will remain a stable and vibrant market for digital assets as we invest heavily in infrastructure and talent development," he said.

Cyberport, a government-backed business hub focused on Web3 and fintech innovation, has become home to more than 270 blockchain firms, with more than 120 new businesses added in the past 17 months. Mo-po also noted that local universities are working with industry to nurture new generations of blockchain professionals.

Hong Kong's Financial Services and Treasury Department has introduced a policy aimed at promoting artificial intelligence in the financial sector, showing the city's proactive approach to technological innovation. Last October, a two-track policy for integrating AI into financial services was introduced to ensure a transparent oversight framework.

Among other initiatives planned by Hong Kong is the tax exemption of cryptocurrency profits for hedge funds and private equity investments. Mo-po stressed that the key to success is to maintain an open, fair and balanced regulatory approach that promotes the sustainable development of financial innovation.

Since the launch of the cryptocurrency licensing campaign in the middle of last year, the Hong Kong Securities and Futures Commission has so far issued only nine licenses. In January this year, the last two operating licenses for crypto exchanges PantherTrade and YAX were granted.

As Hong Kong strives to keep pace with the rapidly evolving world of digital assets and artificial intelligence, it is confirming its position as one of the most attractive places to invest in cryptocurrencies and innovative technologies.

*This is not an investment recommendation.

Coingarage team