Global #Hong Kong lawmaker

Hong Kong lawmaker Johnny Ng has proposed the creation of a legal framework to regulate decentralized autonomous organizations (DAOs), aiming to stabilize and attract investment to the web3 industry in Hong Kong.

In a move that has sparked both intrigue and debate, a prominent Hong Kong lawmaker has proposed the inclusion of Bitcoin in the city’s fiscal reserves. This audacious suggestion reflects a growing interest in digital currencies as legitimate financial instruments and highlights Hong Kong's evolving stance on cryptocurrency regulation and investment.