By engaging with stakeholders and focusing on compliance, Johnny Ng aims to position Hong Kong as a leader in adopting Bitcoin and Web3 technologies.
Hong Kong Legislative Council Member Johnny Ng has announced plans to collaborate with various stakeholders to assess the feasibility and potential benefits of incorporating Bitcoin into the special administrative region’s financial reserves.
In a recent post on X, Ng emphasized the increasing global recognition of Bitcoin (BTC), often dubbed “digital gold” due to its perceived value and potential as a hedge against inflation.
He highlighted the importance of considering Bitcoin in strategic fiscal reserves, suggesting that its inclusion could benefit Hong Kong’s economic framework under the right regulatory conditions.
