Hong Kong government recognizes Bitcoin and Ethereum as proof of assets for investment immigration applications!

Hong Kong's government has made a groundbreaking move by recognizing Bitcoin and Ethereum as valid proof of assets for investment immigration applications. This decision marks a significant milestone in the region's financial policy and cement's Hong Kong's position as a hub for financial innovation .

To qualify for the investment visa program, applicants must prove they hold at least HK$30 million (approximately US$3.8 million) in assets, which can now include Bitcoin and Ethereum. This development is expected to attract cryptocurrency investors from around the world, boosting the local economy .

Key Requirements for Crypto Visa:

Minimum Asset Holding:HK$30 million (approximately US$3.8 million)

Asset Security:Cryptocurrencies must be held in a cold wallet or on a trusted exchange

Ongoing Investment: Applicants must continue to invest in Hong Kong to maintain their visa status

This move is seen as a strategic step towards integrating digital assets into Hong Kong's financial system, while prioritizing transparency, security, and regulatory compliance .#HongKong2024