Hong Kong has made a groundbreaking move by officially recognizing cryptocurrencies like Bitcoin and Ethereum as valid proof of assets for investment immigration. This decision, confirmed on February 7, 2025, signals a major step toward integrating digital assets into the region’s financial and regulatory frameworks.
Key Developments in Hong Kong’s Crypto Policy
Officials approved two cases where applicants used Bitcoin and Ethereum holdings to meet the HK$30 million (approximately $3.8 million) requirement for investment immigration. Both applicants originated from mainland China, showcasing the growing appeal of Hong Kong’s crypto-friendly policies.
- First Approval (October 2024): A Bitcoin holder successfully demonstrated their wealth for residency.
- Second Approval (February 2025): An Ethereum holder followed suit, further validating the policy.
The review process, handled by Invest Hong Kong, took about a month for the initial case, reflecting careful due diligence in adopting this innovative approach.
Requirements and Considerations
While cryptocurrencies now qualify as proof of assets, uncertainties remain about whether:
- Direct crypto investments
- Crypto ETFs
will count toward the mandatory HK$30 million investment within six months of approval. Officials emphasize that applicants must store their digital assets securely, either in:
👉 Cold wallets for maximum security
👉 Major exchanges like Binance
Implications for Hong Kong’s Financial Landscape
Hong Kong’s progressive stance positions it as a leader in crypto adoption, potentially attracting high-net-worth individuals and blockchain innovators. With two more applicants under review, the region is setting a precedent for broader cryptocurrency acceptance in global finance.
FAQs
1. Can other cryptocurrencies besides Bitcoin and Ethereum be used?
As of now, only Bitcoin and Ethereum have been approved, but future expansions are possible.
2. How long does the approval process take?
The initial case took one month, but timelines may vary based on individual circumstances.
3. Do crypto investments need to remain in Hong Kong?
No, but applicants must demonstrate secure storage, whether through cold wallets or trusted exchanges.
4. Will Hong Kong extend this policy to other visa categories?
Currently limited to investment immigration, but authorities may explore broader applications.
5. Are there risks in using crypto for immigration purposes?
Volatility remains a concern, but stable storage methods mitigate potential issues.
Hong Kong’s move underscores its commitment to innovation, blending traditional finance with the emerging digital asset economy. By embracing cryptocurrencies as proof of assets, the region reinforces its status as a global financial hub.
👉 Explore secure crypto storage options to prepare for investment opportunities.