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Hong Kong has hinted at the growing acceptance of cryptocurrencies as proof of wealth for its New Capital Investment Entrant Scheme (New CIES). While cryptocurrencies are not listed as approved investment assets, a local accountant disclosed that bitcoin and ether were used successfully in two cases to demonstrate applicants' wealth.
Authorities stated there were no specific restrictions on asset types for applications, leaving the door open for virtual assets.
The investment scheme, relaunched in March 2024, requires applicants to control assets worth at least HK$30 million (
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