A spokesman for Invest Hong Kong, a territorial government agency that promotes foreign investment, said that cryptos, including Ether (ETH) and Bitcoin (BTC), can be used as proof of assets when applying for a new capital investment entrant scheme visa. I've checked.
Visa requires the applicant to prove ownership of at least HK 30 million ($3.8 million) worth of net worth over a specified period. The spokesman said in an email, but Certified Public Accountants must register in the assessment report, a spokesperson said.
A Hong Kong accountant uses success stories about Bitcoin and etheric social media as proof of the program's assets.
Once the visa is approved, the applicant will need to invest an additional 30 million hk in what is known as “acceptable assets.” A spokesman for InvestHK confirmed to Coindesk that Cryptocurrency is not considered an acceptable asset for this portion of the Visa requirement.
Hong Kong currently has nine licensed crypto exchanges locally known as virtual asset trading platforms.
A government spokesperson said in January that the new capital investment participant scheme had more than 750 applicants.
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