TechFlow news — Hong Kong Legislative Council member Ng Kit-chong has shared his views on Trump's speech at the U.S. Bitcoin Summit, with key points as follows:
Bitcoin and Web3 represent critical milestones in global development, and collaborative global progress should be encouraged.
He suggested considering the inclusion of bitcoin into national or regional official financial reserves. As global recognition of bitcoin grows, further research could explore incorporating it into strategic financial reserves under compliant conditions.
He called for Hong Kong to accelerate the development of its Web3 ecosystem. With its leading position in regulatory compliance and industry advancement, Hong Kong should further build the ecosystem to attract global talent, capital, and projects.
Ng stated he will discuss with stakeholders in Hong Kong the feasibility of including bitcoin in financial reserves, and report developments accordingly.
He emphasized that Hong Kong is actively promoting technological and financial innovation, and the SAR government will responsibly and progressively open up the market in a measured manner.
