According to the Hong Kong Bitcoin and Ethereum authorities, the authorities of the Hong Kong Bitcoin and Ethereum are valid as good as the assets of investment immigration applications.
This teacher indicates that the increasing openness in the region to digital assets in its financial system.
Hong Kong paves the way for encryption investors in immigration requests
according to Reports From Colin Woo, the Hong Kong government agreed to at least two applicants who used bitcoin and ethereum to meet the threshold of investment immigration.
Xiao Yaohe, an accountant, revealed that one of his clients received approval from the Hong Kong Investment Agency by submitting ETHEREUM, at a value of $ 30 million Hong Kong (about $ 3.8 million), as evidence of assets.
Use another request provider, his request was approved in October 2024, Bitcoin to meet the requirements. While the specific details are still unannounced, the sources indicate that both applicants may be from the main mainland of China.
These approvals represent a turning point for the accreditation of the encrypted currency in Hong Kong immigration policies.
The authorities confirmed that they had reached these decisions after extensive internal discussions. They also revealed that two other people had made cryptocurrencies as part of their demand operations.
In order to be eligible for investment migration, applicants must prove that they have at least $ 30 million Hong Kong ($ 3.85 million) in assets and commitment to investing the same amount in Hong Kong within six months.
The government requires storing encryption assets in a cold governor or detained for good reputable exchanges such as Binance.
Historically, Hong Kong’s investment migration revolves first around the stocks. However, it is still unclear whether direct cryptocurrency investments or boxes on the ETFS will qualify under these new approvals.
Successful applicants initially receive a two -year visa, which requires three renovations before obtaining permanent residence. The authorities will monitor the asset holdings throughout this period to ensure compliance.
This step reflects Hong Kong’s ambition to enhance its position as a global digital finance center. Over the years, the city has given priority to the regulatory frameworks of Stablecoin and the exchange of encryption for its leadership in the digital assets sector in Asia.
Disintegration
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