Hong Kong allows immigrants to use Bitcoin, Ether to prove net worth for Investment Visa
Hong Kong has confirmed that applicants for its New Capital Investment Entrant Scheme can use Bitcoin (BTC) and Ether (ETH) to demonstrate their net worth. According to reports, a spokesperson for Invest Hong Kong, the government agency handling foreign investments, stated that cryptocurrency holdings would be accepted as proof of assets for visa applicants.
The investment visa requires individuals to prove a net worth of at least HK$30 million ($3.8 million). While there are no restrictions on the types of assets used for this proof, applicants must provide a valuation report signed by a chartered public accountant. This confirmation marks a significant recognition of digital assets in Hong Kong’s investment migration framework.
Investment Mandates Post-Approval
After securing the visa, applicants must invest another HK$30 million in «permissible assets.» However, cryptocurrency does not qualify under this category. A government spokesperson clarified that while BTC and ETH can be used to establish financial standing, they cannot be part of the mandatory investment portfolio. The permissible asset classes include equities, bonds, funds, and other government-approved investment instruments.
Hong Kong currently has nine licensed virtual asset trading platforms. The government’s approach to cryptocurrency regulation continues to evolve, balancing investment opportunities with financial oversight. Officials reported that over 750 individuals have applied under the New Capital Investment Entrant Scheme.
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