Hong Kong Government May Start Accumulating Bitcoin! Started to Come to the Agenda - Coin Bulletin

It has been suggested that the Hong Kong government should accumulate Bitcoin (BTC) as part of its foreign exchange reserves. Please provide the text to be translated. Johnny Ng, a member of the Hong Kong Legislative Council, made a noteworthy statement about this. Please provide the text to be translated. In an interview with the Hong Kong media TKWW, Ng said, "Hong Kong should explore ways to include Bitcoin in its foreign exchange reserves, taking advantage of the 'one country, two systems' principle." Please provide the text to be translated.

Bitcoin may be a tool for financial stability

Please provide the text to be translated. Ng argues that Bitcoin could be a tool to provide financial stability. Ng stated that the current fiscal deficit exceeds 100 billion yuan and Hong Kong government could use Bitcoin as a means to strengthen its finances. However, Ng also expressed that holding only a small amount of Bitcoin would not significantly contribute to reducing this deficit. Please provide the text to be translated. The idea of including a cryptocurrency like Bitcoin in the foreign exchange reserves of Hong Kong could spark a debate in the global financial world. Although Bitcoin is seen as a risky investment due to its volatility, its decentralized nature and increasing adoption hold potential as a long-term store of value.

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