Hong Kong has officially recognized Bitcoin and Ethereum as valid proof of assets for investment immigration applications, marking a major step in the region’s embrace of digital finance. According to reports, at least two applicants have successfully used cryptocurrency holdings to meet the required HK$30 million (about $3.8 million) threshold for investment immigration. This shift highlights Hong Kong’s increasing openness to crypto within its financial and regulatory framework. Accountant Xiao Yaohe revealed that one of his clients secured approval from the Hong Kong Investment Promotion Agency by presenting Ethereum holdings as proof of assets. Another applicant, approved in October 2024, used Bitcoin to meet the same requirement. While their identities remain undisclosed, sources suggest both applicants may be from mainland China. Authorities stated that these approvals followed thorough internal discussions. Additionally, two more individuals have submitted cryptocurrency holdings as part of their ongoing applications. To qualify for investment immigration, applicants must show ownership of at least HK$30 million in assets and commit to investing the same amount in Hong Kong within six months. The government requires crypto assets to be stored securely, either in cold wallets or on reputable exchanges like Binance . Traditionally, investment immigration in Hong Kong focused on stock investments. However, it is still uncertain whether direct cryptocurrency investments or crypto-based exchange-traded funds ( ETFs ) will also be eligible under this new policy. Successful applicants initially receive a two-year visa, which must be renewed three times before they can apply for permanent residency. Authorities will continue monitoring asset holdings throughout the process to ensure compliance. This move is part of Hong Kong’s broader effort to establish itself as a global hub for digital finance . In recent years, the city has strengthened regulatory oversight on crypto exchanges and stablecoins, aiming to position itself as a leader in Asia’s digital asset industry.
