Learn about China's Central Bank's focus on overseeing digital currencies and Hong Kong's unique approach to Bitcoin and digital assets.
In its 2024 Financial Stability Report, the Central Bank of China stressed the importance of monitoring digital currencies, noting that 51 jurisdictions worldwide have imposed serious restrictions or complete bans on digital currency activities. Meanwhile, Hong Kong is moving towards becoming a hub for digital currencies with a different approach from China. Wu Jiezhuang, a member of Hong Kong’s Legislative Council, has proposed including Bitcoin (BTC) in the financial reserves of the region, and the Hong Kong Treasury has announced that foreign investment managers can engage in limited digital currency investments within the existing framework.
