According to a report from Hong Kong 01, the banking industry in Hong Kong is cautious about cryptocurrencies. According to the Hong Kong Employment Ordinance, Bitcoin cannot be used as a payment method for wages. 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, foreign currency, Hong Kong properties, funds, and bonds. Holders of cryptocurrencies need to exchange them for fiat currency in advance and store them for at least 3 months before applying for a maximum 70% mortgage loan. If the bank discovers that the applicant's funds come from cryptocurrency transactions, it may refuse the mortgage application or even freeze the bank account due to money laundering risk considerations. @ftrdb