Hong Kong confirms that Bitcoin and Ethereum can be used for investment visas for wealth proof

PANews February 11th news, a spokesperson for the Hong Kong Investment and Promotion Agency confirmed that cryptocurrencies including Bitcoin and Ethereum can be used as asset proof when applying for a "Capital Investor Entry Program" visa. . This visa requires the applicant to prove that he or she has a net worth of at least HK$30 million (approximately US$3.8 million) during a specific period. A spokesperson said in an email that there are no specific asset type requirements, but valuation reports must be signed by a chartered GAAP.

An accountant in Hong Kong shared successful stories of Bitcoin and Ethereum as proof of assets of the program on social media. Once the visa is approved, the applicant must invest another HK$30 million for the so-called "approved assets". A spokesman for the Investment and Promotion Agency confirmed that cryptocurrencies are not considered "approved assets" in visa requirements.