Johnny Ng, a member of Hong Kong's Legislative Council, has announced plans to work with various stakeholders to explore the possibility and potential benefits of including Bitcoin in the region's financial reserves.
In a recent statement, Ng has highlighted the growing global recognition of Bitcoin for its perceived value and potential as a safeguard against inflation.
He has highlighted the importance of considering Bitcoin in the government's fiscal reserves, stating that its incorporation could bring benefits to Hong Kong's economic structure, given the right regulatory measures.
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The decentralized nature of Bitcoin and its limited supply have made it a valuable asset for many investors.
Ng also noted that the growing global awareness of Bitcoin has made it a crucial topic in discussions about digital assets and their integration into traditional financial systems.