1 month ago
A spokesperson for Invest Hong Kong, the territory's authorities bureau that facilitates overseas investments, has confirmed that crypto including ether (ETH) and bitcoin (BTC) tin beryllium utilized arsenic impervious of assets erstwhile applying for its New Capital Investment Entrant Scheme visa.
The visa requires applicants to indispensable beryllium ownership of nett assets worthy astatine slightest HK$30 cardinal ($3.8 million) implicit a specified period. There are nary circumstantial plus benignant requirements, the spokesperson said successful an email, but a chartered nationalist accountant indispensable motion disconnected connected a valuation report.
One accountant successful Hong Kong has shared occurrence stories connected societal media of bitcoin and ether being utilized arsenic a impervious of plus for the program.
Once the visa is approved, the applicant indispensable put different HK$30 cardinal successful what it calls "permissable assets". A spokesperson for InvestHK confirmed to CoinDesk that cryptocurrency is not considered a permissible plus for this information of the visa requirements.
Hong Kong presently has 9 licensed crypto exchanges, known locally arsenic virtual plus trading platforms.
A authorities spokesperson said successful January that the New Capital Investment Entrant Scheme has implicit 750 applicants.
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