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Hong Kong Rejects Crypto in Fiscal Reserves but Opens Door for Innovation

Government prioritizes financial stability: Hong Kong’s decision reflects a cautious approach, prioritizing stability over cryptocurrencies’ unpredictable nature. With assets like Bitcoin and Ethereum subject to extreme volatility, the government remains focused on maintaining liquidity in its fiscal reserves.

Potential for small-scale investments: While rejecting the proposal for large-scale cryptocurrency inclusion, Hong Kong remains open to small-scale investments in blockchain startups and tokenized assets. This balanced approach could foster innovation without compromising financial security.

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