Hong Kong may soon join the list of countries using Bitcoin (BTC) as a reserve asset to combat inflation. According to a report from Wen Wei Po, Wu Jiexhuang, a member of the Hong Kong Legislative Council, has proposed incorporating BTC into the region's financial reserves to enhance financial security.

- Jiexhuang believes that adding BTC to the reserves could boost the local crypto industry, attract talent and investment, while also increasing revenue from transaction taxes.

- He also emphasized the benefits of being a leader in BTC adoption, but noted the risks and recommended that only a small portion of national reserves should be allocated to this asset.

🌐 This could help Hong Kong become a financial center promoting blockchain technology.