The Hong Kong Legislative Council is advancing the "Stablecoin Regulation Bill" to establish a regulatory framework for fiat-backed stablecoin issuers. Meanwhile, the first batch of Bitcoin and Ethereum spot ETFs has been listed in Hong Kong, and Councillor Wu Jiezhuang expressed optimism about the integration of cryptocurrencies and the real economy. He believes that improving the legal framework will help solidify Hong Kong's status as an international financial center. However, losses from cryptocurrency-related cases exceeded HKD 4.3 billion last year, reminding investors to choose licensed platforms carefully and to act within their means. What do you think? 💬