The Hong Kong Stock Exchange (HKEX) has proposed that fintech firms, including those focused on blockchain and cryptocurrency, are best regulated under existing financial regulations.
In a research report published Oct. 18, the HKEX's Chief China Economist's Office and Innovation Lab looked primarily at the potential of blockchain and AI within areas of finance, providing an overview of blockchain and possible use cases in trading, settlement and equities markets, for example.
Emerging technologies such as blockchain, it says, could be "integrated in the areas of investment, trading, clearing and settlement," adding that regulations, too, should be common to all companies in the finance space.
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