ChainCatcher News, according to Hong Kong 01 report, the banking industry in Hong Kong holds a cautious attitude towards cryptocurrencies. According to the Hong Kong Employment Ordinance, Bitcoin cannot be used as a method of salary payment. In mortgage loan applications, Bitcoin is neither considered a fixed source of income nor accepted as a qualified asset.

Currently, banks only recognize traditional assets such as cash, stocks, foreign currency, Hong Kong properties, funds, and bonds. Holders of cryptocurrencies must exchange them for fiat currency in advance and keep them for more than 3 months to apply for a maximum of 70% mortgage loan. If the bank discovers that the applicant's funds come from cryptocurrency transactions, it may reject the mortgage application due to money laundering risk considerations, or even freeze the bank account.