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Topic: [2024-07-28] Hong Kong Bitcoin Reserve (Read 82 times)

legendary
Activity: 2380
Merit: 1343
July 29, 2024, 08:05:48 AM
#1
Hong Kong legislator eyes Bitcoin for fiscal reserves

https://cointelegraph.com/news/hong-kong-bitcoin-financial-reserves-web3-development

Quote
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.

Seounds similar to what Trump and Senator Cynthia Lummis propose for the US.

Whether it happens in both countries is debatable but the fact that its being considered
by some and we are actually discussing it is another.

I wonder hom many more countries will consider this? If HK actually implement
it the race will be on for other countries.

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