Hong Kong Approves Investment Immigration Applications Using Cryptocurrency

• Hong Kong approves Bitcoin and Ethereum for investment immigration applications.
• Two successful immigration cases used crypto assets worth HK$30 million as proof.
• Hong Kong’s program now allows digital assets like Bitcoin and Ethereum for visas.

On February 7, 2025, Hong Kong authorized the first investment immigration applications that utilized cryptocurrency assets for verification. Two applicants achieved acceptance of the New Capital Investment Entrant Scheme through cryptocurrency investments worth HK$30 million, comprising Ethereum and Bitcoin. 

The country’s immigration policy has changed by implementing cryptocurrency asset approvals to show increasing interest in digital economic activities. Following their review process, the Hong Kong Investment Promotion Agency (IPA) verified and approved an Ethereum-based application submitted by a Chinese mainland applicant. 

Authorities previously approved the use of Bitcoin assets in October 2024. Hong Kong authorities have initiated the first cryptocurrency-related financial processes, demonstrating an ongoing official acceptance of digital assets.

Investment Immigration Program and Crypto Asset Requirements

The Investment Immigration Program of Hong Kong requires applicants to prove ownership of HK$30 million (US$3.85 million) before they receive visa consideration. These assets must be stored in stock or regulated assets for approval. After getting approval, applicants must invest the same amount for six months. A sustainable investment allows immigrants to renew their visas in a 2-2-3 cycle before they achieve permanent residency status.

Investors remain uncertain whether cryptocurrency purchases or ETFs would satisfy visa investment criteria. The government is currently evaluating its position regarding these investment types. The authorities conducting the program may provide additional clarification about which crypto assets beyond Ethereum and Bitcoin can qualify as valid investment opportunities.

According to current requirements, applicants must maintain their cryptocurrency assets either in cold wallets or on major exchanges such as Binance to qualify as part of their investment-based immigration. The approved cases have proven crypto assets suitable as proof, but additional policy adjustments may follow.

Expansion of Cryptocurrency Acceptance in Asia

The Hong Kong government joins several Asian nations that now consider cryptocurrency legitimate proof for showing financial assets. Singapore has permitted cryptocurrency to serve similar functions during immigration procedures for an extended period. Singapore implements tighter regulations about crypto asset acquisitions by setting proof requirements for asset origin.

These crypto-backed applications demonstrate Hong Kong’s favorable stance on digital assets, evident in the growing adoption of global cryptocurrency. According to Bitcoin supply data, the APAC region experienced a 6.4% yearly increase in retail transactions. Hong Kong’s crypto market demonstrates growth while other U.S. and European areas experience declining interest. The growth happened because markets like Singapore and South Korea made their regulations more straightforward, leading to more people joining their cryptocurrency markets.