The new threshold for business immigration was investment in the Hong Kong economy of at least $3.84 million, while investments in real estate were excluded.
For the first time, legislators offered the opportunity for applicants to secure financial conditions for incorporation in the form of investments in the Hong Kong crypto industry. In particular, the purchase of bitcoins through licensed exchanges in Hong Kong will meet the program criteria.
As the geopolitical climate evolves, Hong Kong intends to position itself as a safe haven for wealthy citizens, as well as compete with established crypto hubs such as Singapore and Dubai.
Earlier, the Hong Kong Securities and Futures Commission (SFC) positively assessed the prospects of providing retail investors with access to spot cryptocurrency ETFs after the preparation of the regulatory framework.
Source: Bits
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