Hong Kong Opens Doors to Crypto Wealth for Visa Criteria
In a notable policy change, Hong Kong is now allowing potential immigrants to use Bitcoin and Ethereum as proof of net worth for investment visa applications. This inclusion of digital assets in the Capital Investment Entrant Scheme provides investors with more flexibility and underscores Hong Kong’s progressive stance on cryptocurrency.
Applicants must show a minimum net worth of HK$30 million in crypto assets and commit to investing the same amount in the city. A certified public accountant must validate the value of the cryptocurrency holdings, which should be stored with a regulated exchange or in cold storage.
The policy update aligns with Hong Kong’s proactive approach to cryptocurrency, demonstrated by recent approvals of Bitcoin and Ethereum ETFs and the licensing of crypto exchanges. This move is anticipated to increase the number of investment visa applicants leveraging their crypto holdings, marking a significant step in financial innovation and international investment.
