Hong Kong Eyes Bitcoin Reserves to Offset Financial Deficit

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Coinedition 4d ago

Hong Kong Eyes Bitcoin Reserves to Offset Financial Deficit - Coinedition

Quick Summary:

Hong Kong legislator Johnny Ng has a new idea to help address the region’s financial deficit: include Bitcoin in the city’s foreign exchange (FX) reserves, citing sources from local media.

As the chairman of the Subcommittee on Issues Relating to the Development of Web3 and Virtual Assets, Ng stated that the current fiscal deficit, which […]

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