The Hong Kong Financial Services and the Treasury Bureau is hiring additional talent to oversee AI and virtual asset regulation, and plans to inspect companies involved in virtual asset trading
According to the Hong Kong Economic Journal, the Hong Kong Institute of Certified Public Accountants (HKICPA) submitted a proposed budget for the next fiscal year to the Hong Kong Legislative Council, suggesting a salary increase of 3.5% to support regulatory work in key and emerging areas such as artificial intelligence (AI) and virtual assets, and recommending the addition of 15 positions.
It is reported that the HKICPA previously released a report stating that companies involved in virtual asset trading belong to emerging industry projects and will be one of the targets for inspection. In addition, auditors currently face challenges including verifying the ownership and existence of virtual assets, the complexity of valuations, increased fraud risks, and the lack of unified accounting standards for virtual assets.
You may also like

The most important thing in Web3 primary market investment

The strategic focus of cryptocurrency in reconstructing the international monetary system and the Chinese solution

Musk Poached Aave App's Web3 Prodigy

The Petro Order is Cracking. What Comes Next for the Middle East?

ETF Fund Inflows Emerging, What's Still Missing for BTC to Fully Recover?

Forbes Special Report: The Embrace of AI Agents in the Cryptocurrency Industry

Bitpanda, Vision Web3 Foundation, and Optimism Partner to Onboard European Financial Institutions to the Global Blockchain Economy

What will the early Hyperliquid prediction market look like?

Overseas VC's Two-Week Trip to China AI Leaves Them in Awe of Shenzhen Hardware

Was CZ Also Rug Pulled? BNB Treasury CEA Industries Control Battle

A transaction in 7 seconds, earning tens of millions of dollars, he's seen as the "cancer of meme coins."

Bittensor Ecosystem Token SN Surges 5x in March, What's Behind Richard Heart's One-Liner?

The economy is entering a new cycle, how can the average person prepare?

Access Binance Alpha Box: Sigma.Money to Launch BNB Chain Ecosystem Yield Farming Gateway

Kimi, Chip, and Bean come together for a Crypto Hackathon: What did AI developers build on Monad?

How to Trade Crypto on Mobile Browser & Win LALIGA Tickets (2026 Guide)
Discover how AI automation, natural language trading, and mobile browser trading platforms are shaping automated trading in 2026. Join the WEEX live trading event for early access and rewards like LALIGA VIP tickets.

Connecting encryption, TradFi, and payments, is Gate completing the final puzzle of the "super APP"?

