Hong Kong lawmaker wants to add Bitcoin to national reserves to boost financial security Hong Kong legislator Wu Jiexhuang suggested the region should start adding Bitcoin to its national reserves as a way to boost financial security. According to the local newspaper Wen Wei Po, Wu said Hong Kong regulators should study the impact of U.S-issued Bitcoin exchange-traded funds on the market as a starting point before they decide to add Bitcoin to the national reserve.

He argued that Hong Kong authorities could take advantage of of China’s “one country, two systems” policy to include Bitcoin  btc-2.39%Bitcoin in its national reserve for financial security. The newspaper noted that China currently holds the second largest Bitcoin reserve, worth 190,000 BTC from illegal trade confiscations.

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