The Hong Kong Monetary Authority published a white paper on quantum preparedness on July 27, rating the banking sector 2.3 out of 10 and targeting full readiness by 2030. Around half of surveyed banks have no formal post-quantum cryptography plan and 32% have not started their transition yet. Bitcoin faces the same quantum threat but has no regulator to set a deadline, as its preparedness depends entirely on community consensus. Technical proposals such as BIP-360 and BIP-361 exist to enhance its quantum resistance, but the main obstacle remains the lack of a centralized governance mechanism. Approximately 1.7 million BTC held in early pay-to-public-key addresses, mostly attributed to Satoshi Nakamoto, could become difficult to access without coordinated migration.
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