Hong Kong is letting some people use cryptocurrency like Bitcoin and Ethereum to show they have enough money for a special visa! It's like proving you're rich using digital money. This is a big deal because it shows Hong Kong is becoming more open to cryptocurrency.
- Hong Kong now accepts Bitcoin and Ethereum as proof of wealth for a visa.
- Applicants need to show they have HK$30 million (about US$3.8 million).
- They must keep their crypto in safe places like special wallets or big exchanges.
- The money must then be invested in Hong Kong.
| Fact | Number |
|---|---|
| Minimum wealth needed | HK$30 million (US$3.8 million) |
| Number of successful applicants using crypto | 2 |
| Additional applications under review | 2 |
| Total investments since relaunch (March 2024) | Over HK$20 billion |
