Reported 3 days ago
The Hong Kong government has indicated that cryptocurrencies may be accepted as proof of wealth for its immigration scheme, following reports from an accountant who successfully used bitcoin and ether in client cases. While cryptocurrencies are not currently recognized as direct investment assets under the scheme, InvestHK's lack of specific asset class requirements suggests a growing acceptance of digital currencies in the financial landscape. This development positions Hong Kong as a competitor in the global virtual asset hub race, particularly against cities like Singapore and Dubai.
Source: YAHOO