Summary:
- The Hong Kong government has released a new policy paper outlining its approach to regulating artificial intelligence (AI) in the financial services sector, including the use of AI in cryptocurrency over-the-counter (OTC) trading.
- The policy aims to promote the responsible development and use of AI in the financial industry, with a focus on areas like risk management, customer protection, and regulatory compliance.
- The paper also addresses the use of AI in cryptocurrency OTC trading, emphasizing the need for transparency, risk management, and compliance with anti-money laundering and counter-terrorist financing regulations.