Crypto Gains Legitimacy in Hong Kong’s Investment Immigration Program
Hong Kong now recognizes cryptocurrency as proof of assets for investment immigration. A recent applicant used HK$30 million in Ethereum to secure approval, marking the second case after a Bitcoin-based approval in 2024.
The government agency Invest Hong Kong requires applicants to prove ownership of HK$30 million before investing in eligible assets. While traditional investments include stocks and bonds, it’s unclear if crypto ETFs or direct holdings qualify. Applicants must store digital assets in cold wallets or major exchanges. This move signals growing acceptance of crypto in Hong Kong’s financial system.
Clever Robot News Desk 10th February 2025
