A spokesperson of Invest Hong Kong, the government agency of the territory which facilitates foreign investments, confirmed that crypto, including ether (ETH) and Bitcoin (BTC), can be used as proof of assets when requesting visa of the investment capital investment program.
The visa requires candidates must prove ownership of net assets worth at least $ 30 million HK ($ 3.8 million) over a specified period. There are no specific asset type requirements, the spokesman said in an email, but an authorized accountant must sign on an evaluation report.
An accountant in Hong Kong shared successes on Bitcoin’s social networks and the ether used as proof of active in the program.
Once the visa is approved, the applicant must invest another HK of $ 30 million in what he calls “authorized assets”. An Investthk spokesperson confirmed to Coindesk that cryptocurrency is not considered an asset authorized for this part of the visa requirements.
Hong Kong currently has 9 authorized crypto exchanges, known locally as virtual active trading platforms.
A government spokesperson said in January that the new capital investment program has more than 750 candidates.
