Short News

Hong Kong Allows Bitcoin and Ether as Proof of Wealth for Investment Visa

Mustafa Mulla11 Feb 20251 min read

Hong Kong has officially confirmed that Bitcoin (BTC) and Ether (ETH) can be used as proof of assets for its New Capital Investment Entrant Scheme visa. This visa is aimed at wealthy migrants looking to invest in Hong Kong, with a requirement to show net assets worth at least HK$30 million ($3.8 million). While the crypto can be used to prove wealth, a chartered accountant must sign off on the valuation. However, once the visa is granted, applicants must invest another HK$30 million into “permissible assets” and cryptocurrency is not allowed for this investment. Hong Kong currently hosts 9 licensed crypto exchanges.

#Bitcoin#Crypto news

Mustafa Mulla

Author

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

More in Short News

Short News

Polygon Co-Founder Sandeep Nailwal Takes Over as CEO

Sandeep Nailwal, co-founder of Polygon, has officially stepped in as CEO, marking a shift from the project’s previous decentralized governance model. The Polygon Foundation, which oversees Polygon Labs and other parts of the ecosystem, will now operate under Nailwal’s leadership. This move comes as Polygon looks to sharpen its focus and strategy in response to …

Elena R·11 Jun 20251 min

Short News

MEXC Launches $100M Protection Fund for Platform Security

Crypto exchange MEXC has introduced a $100 million protection fund to guard against security vulnerabilities, hacks, and system risks. To ensure transparency, the fund’s wallet addresses and real-time balances will be made publicly available on the MEXC website. Users can track transactions directly through blockchain explorers. This move aims to boost user trust and platform …

Qadir AK·11 Jun 20251 min

Short News

Ukraine Eyes Bitcoin for National Reserves in New Proposal

Ukraine has introduced a new bill that could allow its central bank to hold Bitcoin and other cryptocurrencies as part of the country’s official reserves. The proposal marks a major shift in Ukraine’s approach to digital assets, signaling growing acceptance of crypto at the state level. If passed, the move would align Ukraine with a …

Qadir AK·11 Jun 20251 min