The Hong Kong government is considering allowing Bitcoin purchases on licensed local exchanges as part of its investment immigration program.
The news was announced by the Hong Kong Financial Services and Treasury Bureau (FSTB) on Wednesday. The FSTB said that it is exploring the possibility of allowing investors to use Bitcoin as part of the investment immigration program.
The investment immigration program is designed to attract foreign investors to Hong Kong. It allows foreign investors to obtain permanent residency in the city if they make a substantial investment in the local economy.
The FSTB said that it is exploring the possibility of allowing investors to use Bitcoin as part of the investment immigration program. This would allow investors to purchase Bitcoin on licensed local exchanges and use it as part of their investment.
The FSTB said that it is still in the early stages of exploring the possibility and that no decisions have been made yet. It also said that it is working with the Hong Kong Monetary Authority and other relevant government departments to ensure that any changes to the investment immigration program are in line with existing regulations.
The news has been welcomed by the cryptocurrency community in Hong Kong. Many believe that it could help to boost the local cryptocurrency industry and attract more foreign investment to the city.
It remains to be seen whether the Hong Kong government will go ahead with the proposal. If it does, it could be a major step forward for the cryptocurrency industry in the city.
JUST IN: 🇭🇰 Hong Kong is considering to include Bitcoin purchases on licensed local exchanges in its investment immigration program 🙌
