By engaging with stakeholders and focusing on compliance, Wu aims to position Hong Kong as a leader in the adoption of Bitcoin and Web3 technologies.
Hong Kong SAR Legislative Council Member Wu Jiezhuang has announced plans to collaborate with various stakeholders to assess the feasibility and potential benefits of incorporating Bitcoin into the region's financial reserves.
In a recent post on X, Wu, a member of the National Committee of the Chinese People’s Political Consultative Conference, emphasized the increasing global recognition of Bitcoin (BTC), often dubbed "digital gold” due to its perceived value and potential as a hedge against inflation.
He highlighted the importance of considering Bitcoin in strategic fiscal reserves, suggesting that its inclusion could benefit Hong Kong's economic framework under the right regulatory conditions.
