Hong Kong has recognized Bitcoin and Ethereum as valid for investor visa applications to meet the minimum net asset requirement. However, these digital assets are not yet available as investment instruments.
Invest Hong Kong (InvestHK), part of the Hong Kong government, has confirmed that Bitcoin and Ethereum can be used to declare assets under the New Capital Investor Entry Program, which allows high net worth individuals to obtain a residence permit or visa. Applicants must prove that they have net assets worth at least 30 million Hong Kong dollars (approximately $3.8 million), and digital assets can be included in this process. However, a valuation report signed by a certified public accountant is required for this value to be officially approved.
While crypto assets are not included in the investment process, this step of Hong Kong is considered as an indicator that digital assets are beginning to be accepted in the traditional financial world. The authorities emphasize that the investment of 30 million Hong Kong dollars, which must be made after obtaining a visa, must only be within the scope of specified asset classes and cryptocurrencies are not included in this scope.
In January, officials announced that they had received more than 750 applications under the program. Hong Kong's move is seen as an important development in terms of the acceptance of digital assets on a global scale.
