As a researcher immersed in the dynamic world of tech and politics, I find Johnny Ng’s journey from founding tech companies to serving as a legislator in Hong Kong intriguing. His dedication to promoting young entrepreneurs and championing the tech industry within government is commendable.
In 2022, Johnny Ng was elected to the Hong Kong Legislative Council, marking a departure from his career path as a founder of technology companies, one of which specialized in biometric facial recognition technology. His motivation for entering politics lies in creating more chances for young business owners and fostering technological advancement within the city.
In the process of Hong Kong shifting towards cryptocurrencies and Web3, he has emerged as a significant proponent for this sector within the government. He invited companies like Coinbase to apply for regulation, although they declined, and advocated for the introduction of crypto Exchange-Traded Funds (ETFs) in Hong Kong. His efforts bore fruit when such ETFs were approved in April.
Besides his more conventional thoughts, he’s also put forward some unconventional suggestions. For instance, in November, he proposed that Satoshi Nakamoto be considered for the Nobel Peace Prize or the Nobel Memorial Prize in Economic Sciences by the Nobel Committee. However, they haven’t responded to this suggestion as of now.
He stated on X that Bitcoin, a digital currency built using blockchain tech, is tackling inflation concerns in certain nations and offering financial solutions to less affluent areas. Furthermore, it has significantly transformed international payment systems, mirroring the current world economy’s state.
In the future, he will persistently advocate for businesses based on Web3 not only in Hong Kong but throughout Asia. He also serves as the leader of a subcommittee focused on Web3 and Virtual Asset Development, with the aim to gather global insights from the Web3 sector, suggest policy proposals, and discuss the prospective trajectory of the industry within Hong Kong.
This profile belongs to our selection for the “Most Influential 2024” series by CoinDesk. To view all nominees for this year, please click here.
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2024-12-10 18:27