Odaily Planet Daily News 🌟 Hong Kong Legislative Council member Wu Jiezhuang revealed that the government submitted the "Stablecoin Bill" last week to establish a regulatory system for fiat stablecoin issuers. At the same time, Hong Kong's first batch of Bitcoin and Ethereum spot ETFs have also been listed, marking the further integration of the virtual economy and the real economy. Wu Jiezhuang is optimistic about the cryptocurrency industry and hopes that the government can promote the development of the industry under controllable risks and contribute to Hong Kong's consolidation of its position as an international financial center. Although the amount of losses in cryptocurrency-related cases last year was as high as 4.3 billion yuan, through strengthened supervision and education, citizens can better understand investment risks and choose appropriate platforms for trading. 🔍