Hong Kong SFC Expands Digital Asset Regulatory Framework, Advances AI Finance Oversight on June 15

According to BlockBeats, Hong Kong Securities and Futures Commission (SFC) Chair Lam Fung-yee announced on June 15 that Hong Kong will continue expanding its digital asset regulatory system while supporting artificial intelligence applications in financial services to strengthen its position as an international financial center.

The SFC will refine its framework across digital asset trading, custody, investment advisory, and asset management, adhering to the principle of "same business, same risk, same rules." Additionally, the regulatory authority has expanded its regulatory sandbox mechanism, allowing financial institutions to test generative AI applications in controlled environments. Regulatory priorities include model reliability, algorithmic bias, data privacy, and cybersecurity risks.