CandleFocus ? Hong Kong government recognizes Bitcoin and Ethereum as proof of assets for investment immigration applications
2025-02-08
Author: Content Editor
The Hong Kong government has approved the use of Bitcoin (BTC) and Ethereum (ETH) as proof of assets in immigration applications. This decision was made after two successful cases where applicants used crypto holdings for their residency applications. The applicants used HK$30 million worth of ETH and Bitcoin holdings as proof of assets, marking the first instances of cryptocurrency being accepted for such applications in Hong Kong. The investment immigration program in Hong Kong requires applicants to demonstrate at least HK$30 million in assets and invest that amount within six months. Singapore has previously accepted cryptocurrency as an asset certificate for similar applications but requires proof of the initial source of funds used to acquire the crypto holdings. Additionally, a report from Gemini and Glassnode found that retail Bitcoin transactions in the Asia-Pacific (APAC) region have been growing faster than in other regions, indicating an increasing retail engagement in crypto markets.
Related News
Top 10 Blockchains Based on Total Value Locked This Week Swiss Diamond Market Leverages TokenFi Blockchain for Seamless Trading with Tokenization US Judge denies requests to block Elon Musk’s D.O.G.E from the labor department Crypto Market Shift: USDT Decline Signals Bitcoin Rally to $110K Barstool founder Dave Portnoy promotes 'JAILSTOOL' token in response to backlash from memecoin trades JUST IN: Ethereum Development Announced by Vitalik Buterin Arrives – Here Are The Details Is an Altseason Coming? Key Technical Signals Suggest Bullish Momentum Bitcoin Price Alert: Key Support Levels Tested but Beware of this Price... Bitgert to Redefine Web3 Solutions in Partnership with FNS Will XRP Price Rebound? Analytics Company Shares Most Important Resistance and Support Levels Gold-Backed Tokens Set to Benefit as Wall Street Goes Even More Bullish After Record Rally POPCAT Price Prediction For February 9, 2025 9,100,000 RLUSD Minted by Ripple in Past 12 Hours After Major Listing Veteran Cryptocurrency Analyst Reveals What It Takes to Trigger ‘Big Altcoin Season’ Can Binance Coin Reach $2,000 In This Bull Run? Bonk Coin May Pull A Bullish Reversal Despite Current Downturn Virtual Reality Platform Decentraland Outpaces All Other NFT Projects in Terms of Recent Development: Santiment Abra Global CEO Predicts Bitcoin To Hit $350,000 This Cycle Elys Network integrates with Cosmos to Spark a DeFi Revolution for $ATOM Utility and Liquidity 3 reasons why Ethereum price may go parabolic soon Electing Crypto Series: Trump’s First 100 Days—The High-Roller Crypto Bet GODS, Safemoon, Karrat lead as crypto fear, greed index drops Odds of Kanye West Launching Token Plummet After He Says ‘Coins Prey on Fans’ SHIB Price Prediction for February 8 il Capo Says “He’s Still Bullish” on This Altcoin, Which Has Fallen Big in the Last Month – Expects $5 $438 Million XRP: Volume Skyrockets by Staggering 9,640% on Coinbase Solana Holds Support Above Key Indicator – Expert Sees Push To ATH If Momentum Returns Crypto market turns red as Trump, US tariff threats linger Tron Social Dominance Climbs As USDT Balance Nears ATH Total cryptos on CoinMarketCap near 11 million, market oversaturated? Bitcoin's Gains Lag Behind Gold as Trump’s Trade Policies Drive Safe Haven Demand ? Hong Kong government recognizes Bitcoin and Ethereum as proof of assets for investment immigration applications Dogecoin Open Interest Jumps 9.2 Billion in 24 Hours, What Next for DOGE Price? Major Identity Update Coming to XRP Ledger: Details BlackRock’s Ethereum ETF Options Await SEC Approval Amid Growing Interest Bitcoin Price Analysis: Blood in the Water or the Perfect Buy Opportunity? Why is Ether Down Today? Market Fears and Growing Supply Help Fuel 5% Slide The Hero Shooter Genre Is Booming—Does 'Shatterline' Stand Out? Biggest Altcoin Losers in the First Week of February 2025 Why This ETF Issuer Won't Touch Dogecoin Amid Solana and XRP Fund Plans How to trade memecoins in 2025 Mario Nawfal and Roger Ver Expose a Legal Nightmare: 'This Is About Truth and Justice' Confidence Shaken: Value Locked in Defi Endures a $15B Blow Privacy isn't a luxury in crypto; it's a necessity — Midnight CEO Why Ethereum Price is Crashing? PEPE Poised For 36% Rally, 1:3 Risk-to-Reward Spotted Could Dogecoin Price Reach $1,000 if Used to Repay US National Debt? Game On: The Hottest Upcoming Gaming Token Airdrops on Ethereum, TON, Base and Beyond Will Onyxcoin (XCN) Hold Firm at $0.030 or Face a Pullback? Paying the price: Inexperienced crypto founders are hampering mass adoption | Opinion Bitcoin Searches Take a Plunge: Google Trends Reveals Interest Decline Whales buy 540 million XRP in the dip; Is $3 next? China Sentences Ex-Regulator to 11 years Over Bitcoin Corruption Case Illicit Huione Group (USDH) allegedly tricked Certik in audit to gain legitimacy Ethereum’s 20% Crash Leads to Highest ETF Inflows in Two Months $424 Million BTC in Hours: What’s Happening? Bitcoin Reserve Is a Key To US Economic Supremacy, Says VanEck Chief XRP Price Report: Is the Next XRP Super Rally About to Begin? AI compute cannot create a new class system Shiba Inu (SHIB) Prints First Gains in Days, but There's Catch Bitcoin (BTC) Price Prediction for February 8 Trader Unveils Condition XRP Must Fulfill To Hit New All-Time Highs ‘In No Time,’ Updates Outlook on Bitcoin Can Cardano Price Reach $15 This Cycle? AI agents will expedite Web3 gaming adoption Dogecoin Eyes Recovery After 25% Crash, but Investor Confidence Fades Bitcoin and Ethereum on the Brink of Crash As S&P 500 Rejection Signals Ahead! Bitcoin Price Struggles Below $100,000: What This Means for the Next Bull Run AI Agents Are Now Trading IP Rights With Each Other—And Earning Crypto for Their Owners Arizona wants to crack down on Bitcoin ATM fraud in new bill Binance CZ Finds Humor in Dave Portnoy’s No-Nonsense Approach to Meme Coin Speculation Lightspark CEO Endorses Trump’s Plan for a US Crypto Reboot Popcat Price Skyrockets 22%; Why Is The Solana Meme Coin Rising Today? Dogecoin Whales Go Silent, What This Means for DOGE’s Next Move Pro-XRP Lawyer John Deaton Calls Out Bill Hinman Again, Here's Reason Bitcoin’s Price and MVRV Momentum Flash Warning Signs for Investors TRUMP Coin Whale Bets Another $1.6M Despite Massive Loss, What’s Happening? Crypto Market in Final Stage of the Cycle, Warns Analyst – Here Are His Targets for Bitcoin, Ethereum and Sui XRP Price Finds Support Despite Bearish Momentum Hitting 3-Month High Shiba Inu Stuns With 5,277% Netflow Surge; Looming Price Reversal? Renowned Executive Revealed: “That’s Why I’m Bullish on Bitcoin in 2025” 175 Billion PEPE Dumped as Price Loses Zero Indiana native convicted in $37 million crypto heist Bitcoin hinges on $93K support, risks $1.3B liquidation on trade war concerns Current Bitcoin Pullback Makes Everyone Question God, but Here’s Good Thing: Chris Burniske 'Don't Cry Because You're Too Late': Dave Portnoy Rants About Dumping Crypto 'Shitcoins' Crypto Community Has Been Talking About These Five Things Recently Crypto Stocks Show Slight Gains in Pre-Market Trading What Stage of the Bitcoin Bull are We in? Are We Nearing The End Or Are We Just Getting Started? These Altcoins Extend Losses as BTC Faced Rejection at $100K (Weekend Watch) Is it Time for Shiba Inu Price to Rally as New Meme Coins Crash 90%? Here’s How Many XRP Wallets Added 1,000,000 XRP After the Recent Dip Bitcoin Tests $100K Resistance: Can It Hold This Level? SHIB Burns Soar 1,155% As 15,161,271 SHIB Disappears Forever ‘Time To Pay Attention’: Trader Justin Bennett Warns Crypto Market Could Plunge if Benchmark Index Retraces XRP Price Must Hit This Level To Qualify For US Reserve, Lawyer Says FTX Sends Fund Distribution Emails to Creditors, $345M in Claims Still Unverified Hinman is connected to ETH – Pro-XRP lawyer Deaton Onchain real-world assets gain traction amid Bitcoin market uncertainty Texas Moves Forward with Bill to Create State Bitcoin Reserve Is SWIFT Integrating XRP Through EastNets? Expert Explains Here’s why Russia’s investigating committee seeks regulating Bitcoin as property Bitcoin price forms rare patterns: a surge to $166k possible Bitcoin Price Analysis: BTC Consolidation Persists, but Risks Remain Roger Ver’s Legal Battle Intensifies as Spain Denies Appeal, Trump Urged to Act Strategic Bitcoin Reserve Legislation Gains Momentum in 15 States New Stablecoin Aims to Bring Regulatory Compliance to Nigeria’s Digital Economy El Salvador Is Still Bitcoin Country Democratic states sue president Trump over Elon Musk’s D.O.G.E Altcoin Rotation in Full Swing—These 5 Coins Are Leading the Charge FBI Warns: Valentine’s Day to Bring a Surge in Crypto Fraud—Don't Get Trapped Top Meme Cryptos By Social Activity: DOGE Tops Meme Projects With 7.7M Interactions Solana (SOL) Price Prediction For February 2025 – $500 Next? Thailand gov’t backed stablecoin; Stablecoin value soars to $217B XRP Price Prediction For February 8 Crypto Prices Today Feb 8: BTC Touches $95K Low, Altcoins Show Mixed Actions Derivatives Exchange Deribit Exits Russian Market Amid EU Sanctions Bitcoin Slows Down & Altcoins Plummet – What’s Happening? Ripple News: XRP Depository Receipts to Be Offered to Accredited Investors ‘It makes me sad’: The Simpsons’ Hank Azaria fears being replaced by AI Altcoin Bulls Watch Triple Bottom – Breakout Incoming? Top 3 AI Coins To Watch For The Second Week Of February 2025 Whale Tactics: $589K Profit from Strategic Short Selling Italy, 2 others ban DeepSeek; OpenAI responds with o3-mini Game platform Roblox is under ‘active investigation’ by the SEC, RBLX stock tanks AxLabs releases GitMyABI beta to streamline EVM contract development Florida Sen. Gruters proposes Bitcoin investment bill for state funds Bitcoin Sees Largest Exchange Withdrawals Since FTX Collapse—What’s Next? Crypto Whale Accumulates 1.7M $UNI from Binance in 4 Days Ishiba to Trump: Japan to invest an ‘unprecedented’ $1T in US Bitcoin Dominance 2021 Vs. 2025: Why Striking Similarities May Show If An Altcoin Season Is Possible Coinbase Quietly Becomes a Banking Giant—Now Bigger Than Most US Banks What Is Berachain? A Quick Guide To Bear-Themed Blockchain Could Dogecoin Price Lose $0.20 Support in February? Ripple’s RLUSD Joins FedNow: Faster Payments & Blockchain Expansion Solana Lost $200 Support, But These 3 Coins Could Give 3x Gains NFTs Trading Sales Drop 2.36% to $17.69 Million in the Past 7 Days. CryptoPunks Lead in Sales Tether CEO unbothered by USDT competition Traders Pour $6,500,000,000 Into Group of Assets in Just One Week – Here’s Where the Capital Is Going Crypto Exchange Giant Bybit Shells Out $1,000,000 Penalty to Regulators To Resume Operations in India Takeaways and forecasts from ARK Invest’s Bitcoin, AI agents, stablecoins, and blockchains 2025 report Kanye West, after disclosing he was offered $2 million to launch a token, asks to speak with Coinbase CEO 'concerning crypto' Parents of Dead OpenAI Whistleblower Sue San Francisco, Alleging Murder Cover-Up Is Dogecoin Massively Undervalued? Analyst Says ‘Now Is The Time’ Bitgert and ChimpxAI Partner to Enhance DeFi Automation and Efficiency Pudgy Penguins navigate market swings as NFT prices dip and Abstract debuts Shiba Inu (SHIB) Death Cross Looms on Horizon, XRP Recovery Possible: Here's How, Can Ethereum (ETH) Come Back to $3,000? Bitcoin ETF: 8th Largest U.S Bank PNC Declares $67 Mln Exposure What Historical Trend Hints Ethereum Price Target in February XRP Price Stabilizes as Whale Activity Levels Off After Recent Surge CFTC To Discuss Pilot Program for Stablecoin Regulation Big $HYPE Buying: Whales 0x336 & 0x643 Snap Up $HYPE with Over $5M in USDC Amid a 9% Dip Nigeria Charges 53 Individuals in a Major Crypto Crime Ring Bust Coinbase Crosses $420,000,000,000 in Assets As CEO Brian Armstrong Ranks Crypto Exchange Among Top US Banks Public Citizen calls for DOJ probe into Trump's memecoin promotion Ethereum (ETH) Price Prediction For February 7 OpenAI reveals “chain of thought” in ChatGPT’s o3-mini model to match DeepSeek’s open-source hype Maple reports no increase in bad debt, $10M inflows amid recent market crash ‘Hawk Tuah’ girl breaks silence on meme coin scandal, claims she was misled
