Call From That Country for Bitcoin and Altcoins: Action Should Be Taken Immediately! - Coin Bulletin

Hong Kong deputy Johnny Ng emphasized the need to accelerate the use of Bitcoin as a strategic reserve, demand stablecoin support from China, and relax token transaction types on licensed platforms.

Hong Kong lawmaker Johnny Ng stated that Hong Kong should accelerate the research process on the usability of Bitcoin as a strategic reserve.

Ng also called for support for stablecoin pilot programs in the country China.

Ng emphasized that Hong Kong needs to immediately relax the types of altcoin transactions on licensed cryptocurrency platforms, stating that these steps are critical for the development of the cryptocurrency ecosystem.

Johnny Ng specifically mentioned the following topics:

Accelerate the feasibility study on using Bitcoin as a strategic reserve in Hong Kong.

2. Open the permissions of the stablecoin companies approved in the Sandbox and allow them to release and implement as soon as possible.

Call for 3rd National support, leverage Hong Kong's unique position and some major mainland cities in the Greater Bay Area as pilots for implementing a fixed currency, and use stablecoins to solve international trade issues.

Investors believe that with these new regulations, Hong Kong aims to play a bigger role in the cryptocurrency market. They are confident that the strategic decisions of Hong Kong and China will have significant impacts on cryptocurrency trading in the region.