Hong Kong has agreed to use the cryptocurrency as a sign of wealth on requests for the investment chart visa in the new capital, which increases the city’s position as a local coordinated currency center.
Accountant xiao yaohe certain This customer has successfully used ETHEREUM, at a value of $ 30 million Hong Kong (about $ 3.8 million), as evidence of assets on the investment immigration request for Hong Kong investment, the government agency responsible for attracting foreign investment.
This approval, which was granted on February 7, is a second counterpart of the encrypted currency that is recognized for this purpose in Hong Kong, with the first case in October 2024. At that time, a customer was able to use bitcoin as evidence of the assets and granted approval and according to what The applicants from China were the main righteousness.
The news, which was initially shared on the social media platform X, indicates a major shift in how Hong Kong displays digital currencies. Journalist Cologne Woo He said On social media:
“For the first time, the Hong Kong Bitcoin and Ethereum government as evidence of the assets of investment immigration requests.
The money, according to WU, must be placed on either a cold portfolio or in the exchange of the main cryptocurrency such as Binance for the applications that will be accepted.
Xiao confirmed his participation in the last issue through a post on the Chinese social media platform Xiaohongsu. “A report signed by me was issued, using” ethereum “as evidence of Hong Kong assets of $ 30 million in assets to apply to investing in Hong Kong, and it has been approved,” he said.
Hong Kong encryption migration
The new expatriate plan to invest in capital (new CIES) require applicants to show ownership of $ 30 million in Hong Kong before it is considered for investment immigration.
After approval, applicants must invest this amount within six months in qualified assets. While these investments are traditionally in stocks and bonds, it is still not clear whether the money traded in the exchange of encrypted currency (ETFS) or the possesses of direct cryptocurrencies will be considered eligible investments under the scheme.
Currently, it is said that the two additional people in the application process also use the encoded currency as a guide to the assets.