Hong Kong has officially recognized Bitcoin and Ether as valid assets to demonstrate wealth for its newly revamped investment immigration program.
New Investor Program
Invest Hong Kong announced that Bitcoin and Ether are recognized as permissible assets for their new investment visa program. Participants must prove ownership of assets worth HK$30 million.
Requirements and Limitations
Cryptocurrency assets require additional verification by chartered accountants. However, digital assets cannot be used for the second phase of the program.
Impact on Crypto Market
The program has garnered attention from crypto investors and strengthened Hong Kong’s regulated digital asset ecosystem, home to nine licensed trading platforms.
Hong Kong's program establishes the city as a digital asset hub, offering new opportunities for crypto investors.
