Wow, very good progress.
With the increasing adoption of Bitcoin and its use, the BTC itself will increasingly have value, be more reliable, and can also increase the value of BTC itself. In addition, it would be possible for other countries to adopt this kind. However, it might be more difficult if in a country that has not legalized BTC as a means of payment. As we know, BTC is not only available for the digital assets but also for payment method. This will really be meaningful and easy if the BTC is available to be a payment method in most countries again.
I agree, this is a very good and forward progress we should have seen happening a while back. In that respect, it is all to do with how the population reacts to this new kind of thing (obviously it's +ve) and it just goes to show that in order for this to happen the authorities need to push forward after taking care of the frameworks etc.
I would like to know if this is just a pilot test, and whether this is something other countries will engage in.