Hong Kong's robust regulatory framework creates an attractive environment for investors looking to experience the advantages of cutting-edge financial technology, without the worry of losing funds in risky enterprises without legal recourse. In October 2024, the Financial Services and the Treasury Bureau (FSTB) of Hong Kong established basic rules for artificial intelligence in the financial sector to mitigate risks while still promoting integration with existing systems. The Hong Kong Monetary Authority (HKMA) also announced Project Ensemble in October 2024. This initiative among the HKMA, the Central Bank of Brazil, and the Bank of Thailand explores cross-border tokenized settlements among the three countries. Hong Kong's Cyberport Web3 network, a state-owned business hub for facilitating digital asset innovation, now hosts over 270 blockchain companies. In just the past 17 months, the Cyberport network has added more than 120 companies. In November 2024, Hong Kong's largest digital bank, ZA Bank, launched retail cryptocurrency trading for its customers. The Hong Kong government also proposed to exempt capital gains on cryptocurrencies held by institutional investors to encourage investment#BTC☀ #BTC