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Hong Kong Recognizes Bitcoin and Ethereum for Investment Immigration Applications

Press Releases Crypto News BeInCrypto Hong Kong Recognizes Bitcoin and Ethereum for Investment Immigration Applications

Hong Kong authorities have reportedly recognized Bitcoin and Ethereum as valid proof of assets for investment immigration applications.

This milestone move signals the region’s increasing openness to digital assets in its financial system.

Hong Kong Paves the Way for Crypto Investors in Immigration Applications

According to reports from Colin Wu, the Hong Kong government has approved at least two applicants who used Bitcoin and Ethereum to meet the investment immigration threshold.

Xiao Yaohe, an accountant, revealed that one of his clients secured approval from the Hong Kong Investment Promotion Agency by presenting Ethereum, valued at HK$30 million (approximately $3.8 million), as proof of assets.

Another applicant, whose request was approved in October 2024, used Bitcoin to meet the requirement. While specific details remain undisclosed, sources suggest both applicants may be from mainland China.

These approvals mark a turning point for cryptocurrency adoption in Hong Kong’s immigration policies.

Crypto Adoption Growth Among Eastern Asian Countries. Source: Chainalysis

Authorities confirmed that they reached these decisions after extensive internal discussions. They also disclosed that two more individuals had submitted cryptocurrency holdings as part of their application processes.

To be eligible for investment immigration, applicants must prove they own at least HK$30 million ($3.85 million) in assets and commit to investing the same amount in Hong Kong within six months.

The government requires that crypto assets be stored in cold wallets or held on

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Author: Oluwapelumi Adejumo

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