Crypto, Blockchain Should Be Regulated Under Existing Frameworks, Says HKEX Report

A new report published by the Hong Kong Stock Exchange (HKEX) Oct. 18 proposes that financial technologies (fintech), including cryptocurrencies and blockchain, should be regulated in consistency with existing regulatory frameworks.

A new report published by the Hong Kong Stock Exchange (HKEX) Oct. 18 proposes that financial technologies (fintech), including cryptocurrencies and blockchain, should be regulated in consistency with existing regulatory frameworks.

The report, written by the Chief China Economist’s Office and Innovation Lab at HKEX, focuses on integrating and regulating blockchain and artificial intelligence (AI) applications within the securities industry, rather than in the fields of banking, Internet finance and digital currencies, which it notes is where they are currently “most” often deployed.

To this end, the report outlines the potential impact of both technologies for the capital market and securities trading, singling out blockchain use cases for “trading and clearing and settlement businesses, asset rehypothecation business and private equity market.”

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