A Hong Kong legislator, Wu Jiexhuang, has suggested incorporating Bitcoin into the national reserves of the special administrative region to enhance financial stability, leveraging the 'one country, two systems' framework. In a statement to state media, Jiexhuang indicated that studying the market implications of U.S.-based spot Bitcoin exchange-traded funds (ETFs) could provide insight into this potential strategy. He cited examples of smaller nations like El Salvador and Bhutan that have included Bitcoin in their reserves, and highlighted the importance of attracting talent and investment in the digital asset sphere. Jiexhuang warned that if major economies adopt Bitcoin for their reserves, it could lead to a decline in traditional asset values, thereby influencing Hong Kong's financial strategies. Additionally, the Financial Services and the Treasury Bureau in Hong Kong is expected to develop crypto regulations with a focus on aligning risks and rules across the sector. Another legislator, Johnny Ng, also emphasized the growing global recognition of Bitcoin as an integral part of financial discussions.

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