In a major move that reflects Hong Kong’s growing role in digital finance, the University of Hong Kong (HKU) is preparing to accept Bitcoin and other digital currencies for tuition payments and donations. This bold step aligns with the city’s push to become a global leader in virtual assets, following the recent implementation of the Stablecoins Ordinance.
HKU Business School Leads the Way in Digital Innovation
The initiative is being spearheaded by the HKU Business School, which confirmed that it is actively exploring cryptocurrency payment options. Speaking at the recent CryptoFi Forum, Dean Professor Cai Hongbin revealed that the technical framework for crypto transactions is already in place and ready for testing.
“We will take Bitcoin and digital currencies for tuition fees and donations in the future,” Cai announced. He emphasized that the school is ready to embrace the potential risks involved as part of its commitment to innovation and forward-thinking education.
The move represents a major shift for higher education institutions in the region, highlighting the university’s openness to financial technology and evolving student needs.
Strong Support from Industry and Lawmakers
HKU’s decision has garnered positive attention from global crypto leaders. Binance founder Changpeng Zhao expressed support for the initiative, saying it positions Hong Kong as a serious contender alongside the US and UAE in the digital asset space.
Local lawmakers have also welcomed the development, describing it as an “inevitable trend.” They emphasized that accepting cryptocurrency will provide students and donors with more diverse and convenient payment options—while strengthening Hong Kong’s image as a digital finance hub.
As the legal and financial infrastructure for virtual assets continues to mature, HKU’s move could set a precedent for other universities in the region and beyond.
