Hong Kong legislator Wu Jiezhuang has proposed an initiative to consider the inclusion of Bitcoin in the region’s strategic fiscal reserves. This move, aimed at enhancing Hong Kong’s economic framework and accelerating Web3 development, underscores the growing global recognition of Bitcoin as ‘digital gold’. Wu’s proposal, which comes in response to Donald Trump’s speech at the Nashville Bitcoin Conference, emphasizes the need for thorough research and regulatory compliance. The initiative forms part of a broader effort to foster a robust Web3 ecosystem in Hong Kong, balancing innovation and security in the digital finance landscape.
Hong Kong Lawmaker Advocates for Bitcoin Inclusion in Strategic Fiscal Reserves
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