The Hong Kong authorities would have recognized Bitcoin and Ethereum as a valid proof of assets for requests for investment immigration.
This step movement signals the region’s growing opening to digital assets in its financial system.
Hong Kong opens the way to cryptographic investors in immigration applications
According to Colin Wu reports, the Hong Kong government approved at least two candidates who used Bitcoin and Ethereum to reach the investment immigration threshold.
Xiao Yaohe, an accountant, revealed that one of his clients had obtained approval from the Hong Kong investment promotion agency by presenting Ethereum, valued at $ 30 million HK (around 3.8 million dollars ), as proof of assets.
Another applicant, whose request was approved in October 2024, used Bitcoin to meet the requirement. Although specific details are not disclosed, the sources suggest that the two candidates can come from continental China.
These approvals mark a turning point for the adoption of cryptocurrencies in the immigration policies of Hong Kong.
The authorities confirmed that they had made these decisions after many internal discussions. They also revealed that two other people had submitted cryptocurrency titles as part of their demand processes.
To be eligible for investment immigration, candidates must prove that they have at least $ 30 million HK ($ 3.85 million) in assets and undertake to invest the same amount in Hong Kong in the six month.
The government requires cryptographic assets to be stored in cold or maintained portfolios on renowned exchanges such as binance.
Historically, the immigration of investments in Hong Kong mainly revolved around actions. However, it is not clear if direct investments in cryptocurrency or the funded funds (ETF) based on the crypto will be eligible for these new approvals.
The candidates selected initially receive a two -year visa, which requires three renewals before obtaining a permanent residence. The authorities will monitor assets of assets throughout this period to guarantee compliance.
This decision reflects Hong Kong’s ambition to strengthen its position as a global hub for digital finance. Over the years, the city has prioritized regulatory frameworks for the exchanges of stablescoins and crypto to its leadership in the digital asset sector in Asia.
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