Hong Kong lawmaker Johnny Ng has pledged to start talks in the city about the potential inclusion of bitcoin in the city’s financial reserves following a speech by former US President Donald Trump over the weekend.
Ng, a member of Hong Kong’s Legislative Council, wrote: post On Sunday X said it was “worth considering” designating Bitcoin as part of the region’s official financial reserves.
“Bitcoin’s global acceptance is steadily growing, and the public sees Bitcoin as ‘digital gold’ in a technical sense. So it may be possible to explore and consider including Bitcoin in strategic financial reserves in the future, as long as it is compliant,” Ng said.
Ng’s latest comments come after Trump made his promise on Saturday. speech If elected in November, he said he would create a “strategic bitcoin reserve,” he said at the Bitcoin 2024 conference in Nashville.
“I will discuss the feasibility and opportunities of including Bitcoin in the financial reserves with various stakeholders in Hong Kong and will report the situation to everyone in a timely manner,” Ng said in a statement to X Post.
In contrast to the widespread crackdown on cryptocurrency trading and mining in neighboring mainland China, Hong Kong rolled out the welcome mat for crypto companies last year. In June 2023, Hong Kong officially launched a cryptocurrency licensing regime for cryptocurrency trading platforms, allowing licensed exchanges to offer retail trading services.
However, Duncan Chiu, a Hong Kong lawmaker, said: Raise a concern It has been criticized for imposing “overly stringent” regulations for cryptocurrency exchanges to obtain licenses, and for preventing major global exchanges from entering Hong Kong. Many global exchanges, including: OKX, Gate.io and Cooperative — Withdraw your license application in Hong Kong.
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