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Tag: China

A Web3 First: China Leverages Cross-Border AI Data For Industrial Use

Source: Forbes In a world-first, China’s Shenzhen Data Exchange (SDEx) facilitates a deal that brings decentralized, community-sourced AI data into real industrial applications through Web3 infrastructure. SDEx is the largest provider of national-level data trading platforms for data marketization and cross-border circulation in China’s digital economy. The platform provides a comprehensive suite of services, including… Continue reading A Web3 First: China Leverages Cross-Border AI Data For Industrial Use

Hong Kong Fintech Sector Sees 250% Blockchain Growth Since 2022

Source: Cointelegraph Hong Kong’s fintech market is projected to hit $606 billion by 2032, driven by blockchain, digital assets, AI and a proactive Web3 licensing regime. Hong Kong anticipates the continued growth of its fintech ecosystem, with blockchain, digital assets, distributed ledger technology (DLT) and artificial intelligence playing a central role in shaping its future.… Continue reading Hong Kong Fintech Sector Sees 250% Blockchain Growth Since 2022

Hong Kong Stablecoins Bill Advances to the Legislative Council

Source: Cointelegraph The bill includes licensing requirements for stablecoin issuers, offering and marketing restrictions and broader consumer protections. Hong Kong’s proposed Stablecoins Bill has entered the Legislative Council, moving the region closer to forming a comprehensive regulatory regime for stablecoins. On Dec. 6, the Hong Kong government published the bill in the special administrative region’s… Continue reading Hong Kong Stablecoins Bill Advances to the Legislative Council

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