đš Hong Kong Legislator Considers Adding Bitcoin - $BTC to City Reserves đ
Exploring Bitcoin Reserves: Hong Kong legislator Johnny Ng plans to explore adding Bitcoin to the city's financial reserves, emphasizing the need for regulatory compliance and considering Bitcoin's potential as "digital gold".
Advancing Web3 Ecosystem: Ng highlights Hong Kong's critical role in advancing the Web3 ecosystem and attracting global investment.
Crypto-Friendly Environment: Hong Kong has been actively creating a crypto-friendly environment, with recent initiatives such as inviting global virtual asset trading operators to establish operations in the city.
Regulatory Framework: The city has established a regulatory framework for virtual asset trading platforms, aiming to provide a level playing field and investor protection.
Central Bank Digital Currency: The Hong Kong Monetary Authority has announced plans to explore the introduction of a retail central bank digital currency (CBDC).
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