The attitude of Hong Kong's banking sector towards cryptocurrencies appears to be quite cautious. According to the Hong Kong Employment Ordinance, Bitcoin cannot be used as a method of wage payment, which has disappointed many cryptocurrency enthusiasts. Furthermore, in mortgage loan applications, Bitcoin is neither considered a fixed income source nor accepted as a qualifying 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 convert the cryptocurrency into fiat currency in advance and hold it for more than three months. If the bank discovers that the applicant's funds come from cryptocurrency transactions, they may reject the application due to money laundering risks and even freeze the account. 💼

This policy reflects the cautious attitude of Hong Kong's banking sector towards cryptocurrencies, while also reminding investors to be aware of the associated risks when using cryptocurrencies. 🔍