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Johnny Ng urges Hong Kong to speed up crypto adoption

Johnny Ng, a lawmaker in Hong Kong, urges for quicker integration of cryptocurrencies, especially Bitcoin, into the economy to avoid falling behind globally.

Ng believes adopting stablecoins could enhance cross-border trade in the Greater Bay Area, proposing faster approval processes and relaxed regulations for crypto trading.

Despite these positive recommendations, Ng notes financial constraints in Hong Kong’s budget may affect the effective implementation and oversight of crypto developments.

This is community-generated content, not advice from ONUS.
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