In what is a key development for both the country and the asset class, Hong Kong now officially recognizes both Bitcoin and Ethereum as part of its investment Visa program. Indeed, the introduction of its New Capital Investment Entrant Scheme will allow prospective applications to use the leading cryptocurrencies to prove their wealth.
The change is breaking new ground, as it is allowing the tokens to be verifiable as proof of assets for the required net worth of $3.8 million. Entering 2025, the asset class had skyrocketed in value, with BTC surging to well above a six-figure price for the first time ever late last year.
JUST IN: 🇭🇰 Hong Kong officially recognizes Bitcoin & Ethereum as part of its investment visa program.
— Watcher.Guru (@WatcherGuru) February 11, 2025
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Hong Kong Investment Visa Now Recognizes Bitcoin & Ethereum as Proof of Wealth
The last several months have been monumental for the digital asset industry. Interestingly, that is less reflective in prices and more in perspective. The United States has completely shifted its stance on the asset class with the arrival of pro-crypto President Donald Trump. Indeed, his presence has led to the arrival of the nation’s first cryptocurrency stockpile.
That has now extended to other regions as the acceptance and adoption of the asset class increases. Specifically, the latest to orchestrate a shift is Hong Kong, which now officially recognizes Bitcoin and Ethereum as proof of wealth for its new investment visa program.
Also Read: Hong Kong To Approve Spot Bitcoin & Ethereum ETFs By Monday
Hong Kong’s new Capital Investment Entrant Scheme is targeting wealthier migrants, a spokesperson told Coindesk. In order for applicants to be eligible, they must prove a net worth of at least HK$30 million, or $3.8 million in US dollars.
The spokesperson added that the program doesn’t feature any “asset type requirements.” However, they note that a chartered public accountant must sign off on an evaluation report. Now, cryptocurrency asset investors are set to be considered for the visa, with BTC and ETH eligible to constitute net worth value for the region.