A Hong Kong lawmaker proposes adding Bitcoin to the region’s fiscal reserves

Wu Jiexhuang, a member of Hong Kong’s legislative council, has suggested adding Bitcoin (BTC) to the region’s fiscal reserves to improve financial security and boost the local cryptocurrency industry. He suggests using some of Hong Kong‘s foreign exchange funds to buy BTC for long-term holding. This could help strengthen the city’s position as a global financial center and bring in extra revenue from transaction stamp taxes.Jiexhuang thinks that if big… 

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