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Businesses in Hong Kong begin accepting Bitcoin, but could it be risky? Hong Kong is at the epicenter of a political furor over personal lives being invaded by the government without the permission of the citizens. Bitcoin acceptance carries a huge risk for both merchants and consumers: it’s only pseudonymous at best. The government can track the Bitcoin used back to exchange wallets and therefore back to the individual in question. Bitcoin is a public ledger that allows anyone to track transactions. Unfortunately, Bitcoin has none of these obfuscation features built in.