Hong Kong lawmaker proposes adding Bitcoin to reserves to boost crypto industry and attract investments.

A Hong Kong lawmaker has proposed including Bitcoin in the city's fiscal reserves to boost the local crypto industry, attract global investments, and generate more tax revenue. The suggestion aims to position Hong Kong as a leader in digital assets, citing the growing global adoption of Bitcoin. Despite acknowledging risks like volatility and cybersecurity, the lawmaker argues the move could stimulate economic growth and investment.

3 months ago
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