According to a report on December 30 from the South China Morning Post, Hong Kong lawmakers have proposed integrating Bit into Hong Kong's financial reserves. At the same time, they are considering using the Exchange Fund to continue buying and holding Bit in the long term.
The objectives of the proposal:
- Promote the cryptocurrency industry in Hong Kong: This proposal aims to encourage cryptocurrency companies to establish operations in Hong Kong, thereby creating a strong financial ecosystem.
- Attract global capital and talent: With this open policy, Hong Kong hopes to become a major financial and technological center in the region.
- Increase revenue from transaction taxes: The increase in Bit transactions will bring additional revenue from transaction stamp tax, directly contributing to the national budget.
Furthermore, the article emphasizes that including Bit in the financial reserves is not only a bold move but also aligns with Hong Kong's long-term vision of becoming a leading global cryptocurrency hub.
This is considered an important step, affirming Hong Kong's commitment to leading the global blockchain and cryptocurrency trends.
