China and Hong Kong: The Digital Course

🔷China continues to develop its digital asset market. The Deputy Director of the Institute of Finance at the Chinese Academy of Social Sciences stated that Bitcoin is an investment asset rather than a currency and that stablecoins could strengthen the influence of the U.S. dollar. He emphasized the importance of developing China’s digital currencies.

🔷Meanwhile, Hong Kong is exploring the possibility of incorporating crypto assets into pension funds, and Hong Kong EDA Group Holdings plans to invest $5 million in cryptocurrencies. Despite fraud allegations, interest in digital finance in the region is growing.