Crypto News

A spokesperson for Invest Hong Kong, the territory's government agency that facilitates foreign investments, has confirmed that crypto including ether (ETH) and bitcoin (BTC) can be used as proof of assets when applying for its New Capital Investment Entrant Scheme visa.The visa requires applicants to must prove ownership of net assets worth at least HK$30 million ($3.8 million) over a specified period. There are no specific asset type requirements, the spokesperson said in an email, but a chartered public accountant must sign off on a valuation report.One accountant in Hong Kong has shared success stories on social media of bitcoin and ether being used as a proof of asset for the program.Once the visa is approved, the applicant must invest...

The motion says the new crypto task force under SEC Commissioner Hester Peirce may “impact and facilitate the potential resolution of this case.”Source link

President Trump stresses that producing the penny is “wasteful,” given that it costs more to produce than the coin’s face value. The U.S. Mint lost over $85.3 million in the last fiscal year from coining pennies. The Penny’s End? Trump Orders the Elimination of the ‘Wasteful’ Coin President Donald Trump has made a decision thatSource link

“You can buy a lot and gain a lot, as well as lose a lot,” a bank official said. “However, we prefer something certain.”Source link

Two Chinese nationals were arrested in Thailand on Feb. 5, after a joint Thai-Chinese operation seized $2.5 million in USDT and other assets worth over $100,000. Scam Masterminds Linked to Human Trafficking A recent joint operation by Thai and Chinese law enforcement resulted in the seizure of $2.5 million worth of USDT stablecoins (84 millionSource link