CoinVoice has recently learned that, according to Hong Kong 01, the banking sector in Hong Kong takes a cautious stance 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 qualifying asset.

Currently, banks only recognize traditional assets such as cash, stocks, foreign currencies, Hong Kong properties, funds, and bonds. Holders of cryptocurrencies must convert them into fiat currency and keep them for more than 3 months in order to apply for a maximum mortgage loan of 70%. If banks discover that the source of the applicant's funds comes from cryptocurrency transactions, they may reject the mortgage application due to concerns about money laundering risks, or even freeze the bank account. [Original link]