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

Published by
Mustafa Mulla

Hong Kong has officially confirmed that Bitcoin (BTC) and Ether (ETH) can be used as proof of assets for its New Capital Investment Entrant Scheme visa. This visa is aimed at wealthy migrants looking to invest in Hong Kong, with a requirement to show net assets worth at least HK$30 million ($3.8 million). While the crypto can be used to prove wealth, a chartered accountant must sign off on the valuation. However, once the visa is granted, applicants must invest another HK$30 million into “permissible assets” and cryptocurrency is not allowed for this investment. Hong Kong currently hosts 9 licensed crypto exchanges.

Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

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