- Hong Kong explores Bitcoin as a strategic reserve to enhance digital finance.
- Stablecoin pilots with mainland China could improve international trade.
- Hong Kong aims to ease token trading rules to attract more investment.
In a move to solidify its role as a leader in the digital economy, Hong Kong has proposed several initiatives aimed at boosting the development of virtual assets. One of those efforts is looking into Bitcoin as a strategic reserve. Hong Kong legislator Johnny Ng has called for the rapid study of Bitcoin’s feasibility as a reserve asset, which could change how the region approaches digital finance.
Additionally, Ng has raised the need to collaborate with mainland China to pilot stablecoin applications, particularly within Hong Kong’…
The post Hong Kong Eyes Bitcoin Reserves, Stablecoin Push in Web3 Drive appeared first on Coin Edition.
Coin Edition – Read More