A research spokesman Hong Kong, the government agency of the territory that facilitates foreign investments, has confirmed that cryptography, including ETHER (ETH) and Bitcoin (BTC), can be used as an asset test when requesting its new visa of scheme of scheme of capital investment participant.
The visa requires that applicants must prove the property of net assets for a value of at least HK $ 30 million ($ 3.8 million) during a specific period. There are no specific asset type requirements, said the spokesman in an email, but a rented public accountant must sign in an assessment report.
A accountant in Hong Kong has shared success stories in the social networks of Bitcoin and Ether that is used as an asset test for the program.
Once the visa is approved, the applicant must invest another HK $ 30 million in what he calls “permissible assets.” An Invest spokesman confirmed to Coindesk that the cryptocurrency is not considered an allowed asset for this part of the visa requirements.
Hong Kong currently has 9 licensed cryptography exchanges, locally known as virtual asset trade platforms.
A government spokesman said in January that the new capital investment participant scheme has more than 750 applicants.
