The Hong Kong banking industry has a rather cautious attitude towards cryptocurrencies. According to Hong Kong's Employment Ordinance, Bitcoin cannot be used as a method of wage payment, which has disappointed many cryptocurrency enthusiasts. In addition, in mortgage loan applications, Bitcoin is neither considered a fixed source of income nor accepted as a qualified asset. 🏦

Banks currently only recognize traditional assets such as cash, stocks, and funds. If a holder wishes to apply for a mortgage loan, they must first convert their cryptocurrency into fiat currency and store it for more than 3 months. If a bank discovers that the applicant's funds come from cryptocurrency transactions, it may reject the application due to money laundering risks and even freeze the account. 💼

This policy reflects the cautious attitude of the Hong Kong banking industry towards cryptocurrencies, while also reminding investors to pay attention to related risks when using cryptocurrencies. 🔍