Degen Club 🚀

🇭🇰Hong Kong to Regulate AI in Finance by October #HongKong #AI

🔹 New Guidelines: Hong Kong government plans to issue AI regulations for the finance sector by the end of October. 
🔹 Sectors Affected: Traditional trading, investment banking, and cryptocurrency markets. 
🔹 Goal: To promote the ethical and responsible use of AI in the financial industry.

💡 Key Points:
1️⃣The Financial Services and the Treasury Bureau (FSTB) is preparing a framework for the ethical use of AI in financial markets.
2️⃣Guidelines will be revealed at FinTech Week from October 28 to November 1.
3️⃣Focus on transparency, governance, and data protection.

Exciting news from Hong Kong! It's great to see the government taking steps to regulate AI in the finance sector, ensuring transparency and data protection. Looking forward to the guidelines being unveiled at FinTech Week.