Hong Kong Allows Bitcoin and Ether as Proof of Assets for Investment Visa

Invest Hong Kong has confirmed that cryptocurrencies, including ether and bitcoin, can be used as proof of assets for its New Capital Investment Entrant Scheme visa. Key points include:

• Applicants must demonstrate ownership of net assets valued at least HK$30 million (approx. $3.8 million).
• No specific asset types are mandated; however, a chartered public accountant must validate the asset valuation.
• Once approved, applicants need to invest an additional HK$30 million in "permissible assets." Cryptocurrencies do not qualify as permissible assets.
• Hong Kong has 9 licensed crypto exchanges.
• The scheme has received over 750 applications as reported in January.