- Hong Kong considers expanding investment immigration to include Bitcoin purchases on licensed local exchanges.
- Capital Investment Entrant Scheme revived after an eight-year suspension.
- Threshold for the immigration program raised to around US$3.84 million.
Hong Kong is considering expanding its investment immigration options to include Bitcoin purchases on licensed local exchanges, according to Hong Kong lawmaker Chiu Ta-kan. The proposal comes as the city revives its Capital Investment Entrant Scheme after an eight-year suspension.
Hong Kong lawmaker has proposed including the purchase of Bitcoin on Hong Kong’s licensed exchanges as part of the investment immigration program.Hong Kong has restarted its investment immigration program after eight years, with an entry threshold of approximately US$3.84…
— Wu Blockchain (@WuBlockchain) November 13, 2023
The immigration program, which grants residency rights for major capital investments, will now have a threshold of around U.S. $3.84 million, up from $1.3 million previously. Real estate investments will remain prohibited, but other assets like stocks, bonds, and potentially Bitcoin may qualify.
Lawma…
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