Hong Kong has taken a significant step by officially recognizing Bitcoin and Ethereum as valid proof of assets for investment immigration applications. This change signals the region’s growing acceptance of digital finance.
Reports indicate that at least two applicants have successfully used their crypto holdings to meet the HK$30 million (approximately $3.8 million) requirement for investment immigration. This development shows Hong Kong’s increasing openness to cryptocurrencies within its financial and regulatory systems.
Accountant Xiao Yaohe shared that one of his clients received approval from the Hong Kong Investment Promotion Agency by presenting Ethereum as proof of assets. Another applicant, who was approved in October 2024, used Bitcoin for the same purpose. While their identities are not disclosed, it is believed that both applicants may come from mainland China.
Authorities mentioned that these approvals followed extensive internal discussions. Additionally, two more individuals have included cryptocurrency holdings in their ongoing applications.
To qualify for investment immigration, applicants must demonstrate ownership of at least HK$30 million in assets and commit to investing the same amount in Hong Kong within six months. The government mandates that crypto assets be stored securely, either in cold wallets or on reputable exchanges like Binance.
Historically, investment immigration in Hong Kong focused primarily on stock investments. However, it remains unclear if direct investments in cryptocurrencies or crypto-based exchange-traded funds (ETFs) will be accepted under this new policy.
Successful applicants are granted a two-year visa, which they must renew three times before applying for permanent residency. Authorities will continue to monitor asset holdings throughout the process to ensure compliance.
