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Monday 23 March 2026
Policy & Regulation | February 5, 2025 | BitBulteni

Hong Kong should accelerate pro -crypto initiatives

Hong Kong should accelerate pro -crypto initiatives

Hong Kong deputy Johnny NG, US crypto leader David Sacks, following the press conference, called for the regulators in the region to accelerate crypto attempts.

In a recent sharing, NG emphasized the importance of the US leader David Sacks, the US leader David Sacks in the field of artificial intelligence and crypto, and pointed out what this meeting meant for other countries.

According to NG, the development of the crypto industry during the Trump administration became one of the largest parameters of success in the global political arena.

“Therefore, crypto currency has become a battlefield for the development of global digital economy, innovation and technology. At the same time, it can help revive the stagnant global economy, NG said NG, in a sharing translated.

Following Sacks’s speech, NG said that Hong Kong has already launched various government initiatives to make himself a global crypto center in parallel with the US example. However, NG thinks that these efforts are not yet enough to accelerate the real growth of Hong Kong’s crypto industry.

Otherwise, Hong Kong said he could carry the risk of staying behind in the global crypto race.

NG “I think Hong Kong is very positive and hardworking, but the world is developing rapidly and we need to increase our speed to stay ahead. This year there are certainly a few things we need to advance, or Hong Kong will be behind again, ”he said.

Echading the press conference of David Sacks, NG suggested that the government should support the attempts to highlight the growth of stablecoins and national Bitcoin reserves.

Suggestions include accelerating feasibility studies for Bitcoin strategic reserves in Hong Kong, loosening process types for licensed platforms, allowing companies to export stabilcoin, and opening a special digital asset department dedicated to developing crypto with artificial intelligence.

In addition, NG suggests that China receive support for the execution of pilot applications of stabilcoins.

On February 4, at a press conference by US President Trump’s AI and crypto leader David Sacks, Sacks revealed its vision to advance the US crypto view.

Sacks emphasized the stabilcoins as a tool to increase the dominance of the US dollar, and said that the Crypto Council’s “Strategic BTC Reserve Festivity” study has become the top priority.

This bill of law discussions and regulatory strategies give important clues about how to shape competition in the global crypto market. NG’s statements reveal that Hong Kong’s government initiatives are positive, but these initiatives should be further accelerated to compete worldwide.

According to his words, only local initiatives will not be enough; At the same time, national and international cooperation and support mechanisms need to be put into place.

NG’s call emphasizes that organizers should move rapidly to maintain Hong Kong’s leading position in the field of crypto technology and digital economy. This strategic perspective requires that important steps to shape the future of the crypto industry, not only local, but also on a global scale.

Tags: Hong KongJohnny Ngkripto düzenlemeleripro-kripto inisiyatifleriulusal güvenlikdijital ekonomistabilcoinBitcoin rezervi

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