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On February 8th, COINOTAG News reported a significant development in the realm of cryptocurrency and investment immigration in Hong Kong. The Hong Kong Investment Promotion Agency has recently sanctioned an investment immigrant application utilizing Ethereum as the proof of funds, amounting to HKD 30 million. Esteemed accountant Clement Siu revealed that this marks a pivotal move towards recognizing digital assets in formal investment frameworks. Notably, this follows the remarkable achievement in October 2024, where the first investment immigration case was executed using Bitcoin as the asset verification method. This evolving landscape signifies a growing acceptance of cryptocurrencies within governmental spheres and could herald a new era for investors seeking residency through innovative asset classes.
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