Hong Kong Accelerates Strategic Bitcoin Reserve Plans to Boost Digital Asset Competition

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Coin-Turk 8 months ago 177

The Hong Kong administration is accelerating its strategic Bitcoin $97,325 reserve plan to support international competition in digital assets. This initiative is part of the country’s efforts to strengthen its position in the Asia-focused digital economy.

Hong Kong is preparing to implement regulations similar to those in the United States, referencing the sector’s steps there. In the past two years, the country has increased legal regulations and research related to crypto assets. Current efforts continue to progress in alignment with national decisions.

Collaboration and Meetings Among Institutions

The Hong Kong legislature has established the Web3 and Virtual Asset Development Subcommittee to initiate sector-related studies. Additionally, the go...



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