The Truth Behind the Viral Rumors
On February 7th, Hong Kong's Investment Migration Unit approved an application using Ethereum (ETH) as proof of net worth - marking the first publicly confirmed case of cryptocurrency acceptance for immigration purposes. This incident sparked widespread speculation about policy changes regarding acceptable asset types.
Understanding Crypto Assets in Hong Kong's Context
Common crypto assets include:
- Major cryptocurrencies (BTC, ETH)
- Stablecoins (USDT)
- Tokenized assets
These digital currencies offer:
- Enhanced privacy through blockchain technology
- Decentralized verification systems
- Globally recognized valuation frameworks
Official Policy Status: Contrary to popular belief, Hong Kong authorities have never prohibited cryptocurrencies as valid proof of assets - they simply require proper documentation.
Hong Kong's Updated Net Worth Requirements (2025)
Key changes effective March 1, 2025:
- ✔️ Shorter review period: 6 months (was 2 years)
- ✔️ Same minimum amount: 30M HKD (~3.83M USD)
- ✔️ Unchanged asset types: All previously permitted assets remain valid
"The net worth requirement refers to the residual amount after deducting all charges or encumbrances from any assets." - Hong Kong Investment Migration Unit
Documentation Essentials
Three critical proof requirements:
Ownership Verification
- Exchange account registration records
- Wallet ownership certificates
- Transaction history with personal identifiers
Continuous Holding Proof
- 180-day activity statements
- Uninterrupted balance records
Professional Valuation
- Certified appraiser reports
- CPA-audited documentation
Investment Phase Restrictions
Important limitations:
- ❌ Cryptocurrencies cannot be used for the actual 30M HKD investment
✅ Permitted investment instruments:
- Stocks & bonds
- Deposit certificates
- Approved funds
- Limited partnership interests
FAQ: Addressing Common Concerns
Q1: Does Hong Kong officially recognize crypto assets now?
A: The policy hasn't changed - crypto was never prohibited, just rarely used due to documentation challenges.
Q2: What makes crypto approvals so rare?
A: Most applicants fail to provide sufficient ownership proof and continuous holding records.
Q3: Can I use Binance/Coinbase statements as proof?
A: Only if they show your legal name and complete transaction history during the review period.
Q4: How long does the approval process take?
A: Typically 8-12 weeks after submitting complete documentation.
Q5: Are NFT collections acceptable?
A: Currently no - only liquid cryptocurrencies with clear valuation methods.
👉 Expert consultation on compliant investment strategies
Why Proper Guidance Matters
Successful applications require:
- Meticulous document preparation
- Certified financial professionals
- Strict compliance with evolving regulations
"We've helped 286 clients receive approvals by focusing on fully compliant solutions." - Global Migration Specialists
👉 Verify your eligibility with immigration experts
Key Takeaways
- Cryptocurrency has always been potentially acceptable
- Documentation standards remain stringent
- Professional valuation is mandatory
- Investment phase excludes crypto options
- Policy changes only affected timeframes
Final Advice: Consult licensed immigration advisors before attempting crypto-based applications. The process requires specialized expertise to navigate successfully.