• About Us
  • Careers
  • Contact
No Result
View All Result
Saturday, June 28, 2025
DeFi Planet
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverses
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverses
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
No Result
View All Result
DeFi Planet
No Result
View All Result

Hong Kong Now Accepts Bitcoin and Ethereum as Proof of Assets for its Investment Immigration Scheme

10 February 2025
in News, Regulation
Reading Time: 3 mins read
109 1
Home News

Hong Kong immigration authorities now recognise Bitcoin and Ethereum holdings as valid proof of assets for investment immigration applications.

According to local reports, InvestHK—Hong Kong’s agency for Foreign Direct Investment—has approved multiple applications where individuals used cryptocurrency holdings to meet asset requirements for residency.

The individuals applied under the agency’s ‘The New Capital Investment Entrant Scheme,‘ which was established in March 2024 to attract high-net-worth individuals and tech-savvy investors to the region. Applicants must first demonstrate that they hold HK$30 million in assets before committing to invest the same amount in Hong Kong within six months. Approved applicants receive an initial two-year visa, which can be extended if they comply with investment requirements before attaining permanent residency.

Traditionally, the required assets are expected to be real estate, equity, debt securities, and certificates of deposit. Though it remains unclear whether cryptocurrency ETFs or direct crypto investments qualify under the scheme, an individual reportedly got approval for their application on February 7, 2025, using Ethereum worth HK$30 million as proof of assets. Similarly, another applicant was approved in October 2024 after using Bitcoin to meet the same requirement.

Though Singapore has long permitted cryptocurrencies as proof of assets for similar programs, Hong Kong’s approach reportedly has been more accommodating, allowing applicants to store their crypto assets in cold wallets or reputable exchanges like Binance.

This development aligns with Hong Kong’s broader strategy to establish itself as a leading cryptocurrency hub in Asia. Notably, the regional securities regulator, the Securities and Futures Commission (SFC), is expanding its workforce. It is adding eight positions specifically for virtual asset regulation and surveillance. The Commission is also in the final stages of reviewing license applications for multiple crypto services providers, with decisions expected by the end of the first quarter of 2025.

SFC Executive Director Ye Zhiheng revealed that the Commission has completed on-site inspections of nearly all applicant platforms, though not all 11 applicants are guaranteed approval. The stringent review process includes compliance with regulatory requirements, investor protection measures, and security standards.

 

If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.

“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”

Don't miss out!

Subscribe To Our Newsletter

Receive top education news, lesson ideas, teaching tips and more!
Invalid email address
Give it a try. You can unsubscribe at any time.
Thanks for subscribing!
Tags: BitcoinEthereumHongKong
Share64Tweet40Share11
Previous Post

Explore the Best Cryptos to Join Today: Qubetics’ Presale Success, Solana’s Market Dominance, and Cosmos’ Blockchain Evolution

Next Post

Top Trending Cryptos to Buy in February – Discover Why Qubetics’ Presale is Exploding, and How Tron & Cosmos Remain Top Investment Choices!

Bobby Okposin

Bobby Okposin

Related Posts

Webull Re-Enters Crypto Market with Brazil Launch, Eyes Global Expansion
Crypto

Webull Re-Enters Crypto Market with Brazil Launch, Eyes Global Expansion

27 June 2025
HashKey, GF Securities Debut Hong Kong’s First On-Chain Tokenized Security
Crypto

HashKey, GF Securities Debut Hong Kong’s First On-Chain Tokenized Security

27 June 2025
BYDFi Advances Web3 Vision at Seoul Meta Week 2025, Strengthens South Korea Strategy
News

BYDFi Advances Web3 Vision at Seoul Meta Week 2025, Strengthens South Korea Strategy

27 June 2025
Bybit Takes Title Sponsorship of India Blockchain Tour 2025 to Boost Web3 Growth
Blockchain

Bybit Takes Title Sponsorship of India Blockchain Tour 2025 to Boost Web3 Growth

27 June 2025

Featured Posts

Has Web3 Failed to Protect the Core Innovations of Crypto and DeFi?

Has Web3 Failed to Protect the Core Innovations of Crypto and DeFi?

byOlajumoke Oyaleke
15 June 2025
0

Are Green Cryptocurrencies the Future of Blockchain Sustainability?

Are Green Cryptocurrencies the Future of Blockchain Sustainability?

byOlayinka Sodiq
12 June 2025
0

Web3 Gaming’s Scaling Crisis: Why Innovation Alone Isn’t Enough

Web3 Gaming’s Scaling Crisis: Why Innovation Alone Isn’t Enough

byOlayinka Sodiq
10 June 2025
0

What Is Price Slippage in Crypto & How Can You Avoid It

What Is Price Slippage in Crypto & How Can You Avoid It

byOlayinka Sodiq
4 June 2025
0

The Rise of Decentralized Identity Solutions in DeFi

The Rise of Decentralized Identity Solutions in DeFi

byOlayinka Sodiq
20 October 2024
0

Read More

Chain of Thoughts

Are Stablecoins Bank Deposits?

Are Stablecoins Bank Deposits?

byOlu Omoyele
31 May 2025
0

...

DAOs and the Coordination of Human Endeavour

DAOs and The Coordination of Human Endeavour

byOlu Omoyele
27 April 2025
0

...

Should DeFi Be Regulated?

Should DeFi Be Regulated?

byOlu Omoyele
27 March 2025
0

...

Is Tokenization All That It’s Cracked Up To Be?

Is Tokenization All That It’s Cracked Up To Be?

byOlu Omoyele
26 February 2025
0

...

Markets Update

Your Weekend Crypto Roundup | June 2025 (Week 4)

21 hours ago

What South Korea’s Crypto Strategy Signals for the Next Bull Run?

2 days ago

Why Crypto Projects Are Choosing MiCA Over the US, Even With Regulatory Support on the Rise

2 days ago

Tokenized Treasuries vs. Stablecoins: Where Will Institutional Capital Flow?

2 days ago

Ethereum Transaction Fees Plunge to 5-Year Low Amid Network Lull: What This Means for the Crypto Market

2 days ago

First XRP ETF Approved on Toronto Stock Exchange— Is This a Green Light for XRP ETF Approvals in More Countries?

4 days ago
Read More

Events

  • No events
  • Spotlight

    All about Ethereum
    All about Algorand
    All about Bitcoin
    All about Gora

    Press Releases

    Bybit Expands Global Reach with Credit Card Crypto Purchases in 25+ Currencies and Cashback Rewards

    bychainwire
    27 June 2025
    0

    BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision and South Korea Strategy

    bychainwire
    27 June 2025
    0

    The Rise of AI Beings: CARV’s New Roadmap Signals Next Wave of Web3 AI

    bychainwire
    27 June 2025
    0

    Weed® Announces Partnership with Khalifa Kush; Launches Global Commercialization

    bychainwire
    26 June 2025
    0

    GBM Launches Auction Festival with The Sandbox, Aavegotchi, Unstoppable Domains, and More

    bychainwire
    26 June 2025
    0

    Read More

    ADVERTISING

    ABOUT

    TEAM

    CAREERS

    CONTACT

    TERMS & CONDITIONS

    PRIVACY POLICY

    © Copyright 2025 DeFi Planet

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    Please enter and activate your license key for Cryptocurrency Widgets PRO plugin for unrestricted and full access of all premium features.

    Add New Playlist

    No Result
    View All Result
    • News
      • People
      • Business
      • Crime
      • Regulation
      • Crypto
      • CBDC
    • Markets
      • Bitcoin
      • Ethereum
      • Stablecoins
      • Altcoins
      • Crypto ETFs
      • Memecoins
    • Policy
    • Articles
      • Press Releases
      • Opinion
      • Explainers
      • Guest Post
      • Sponsored
    • Directory
      • Companies
      • People
      • Products
      • Wallets
    • Multimedia
      • Videos
      • Podcasts
    • Learn
      • DeFi Basics
      • Tutorials
      • Reviews
      • Blockchain Fundamentals
    • Research
      • Case Studies
    • Explore
      • DeFi
      • Crypto Gaming
      • NFT
      • DAO
      • Metaverses
    • Jobs
    • Markets Pro
      • DeFi Planet Pro
      • Spend Crypto
      • Swap Crypto
      • Coin Prices
      • Crypto Exchanges
      • Crypto Analyzer

    © Copyright 2024 DeFi Planet   |   Terms & Conditions   |   Privacy Policy

    -
    00:00
    00:00

    Queue

    Update Required Flash plugin
    -
    00:00
    00:00