Hong Kong is accelerating the creation of a strategic Bitcoin reserve and the development of Web3, as well as expanding opportunities for stablecoins and virtual assets in response to global digital trends 📊

Hong Kong is actively developing cryptocurrency initiatives, including the creation of a strategic Bitcoin reserve. The city is setting up working groups and subcommittees focused on the development of Web3 and stablecoins, as well as accelerating the testing of new technologies. According to lawmaker Johnny Ng, to maintain competitiveness, the development in these areas needs to be accelerated. At the same time, the United States is also discussing the creation of Bitcoin reserves and the development of cryptocurrency regulations, which will strengthen their role in the global digital asset market.