Hong Kong Invest Hong Kong Spokesperson: Bitcoin and Ethereum can be used as proof of wealth for investment visas

Odaily News A spokesperson for Invest Hong Kong confirmed that cryptocurrencies including Bitcoin and Ethereum can be used as proof of assets when applying for a Capital Investment Entrant Scheme visa. The visa requires applicants to prove a net worth of at least HK$30 million (about $3.8 million) over a specific period. Once the visa is approved, applicants must invest an additional HK$30 million in so-called "permitted assets." A spokesperson for Invest Hong Kong confirmed that cryptocurrencies are not considered "permitted assets" for visa requirements. (CoinDesk)