🚨 Hong Kong Accepts Crypto as Proof of Assets for Investment Immigration 🚨

Hong Kong has reportedly accepted cryptocurrency as proof of assets for investment immigration applications. Accountant Xiao Yaohe confirmed to journalist Wu that on Feb. 7, a client successfully used crypto worth HK$30 million ($3.8 million) as proof of assets to apply for investment immigration to the Hong Kong Investment Promotion Agency.

The application was approved, marking the second case in Hong Kong where cryptocurrency was recognized for this purpose. The first occurred in October 2024 when another client used bitcoin as proof of assets and was also granted approval, according to Wu. Both cases involved applicants primarily from mainland China

Invest Hong Kong is a government agency that promotes foreign investment and supports businesses expanding in Hong Kong. It also assists individuals applying for residency through investment under the New Capital Investment Entrant Scheme (New CIES). To apply for investment immigration, individuals must first prove ownership of HK$30 million in assets.