The University of Hong Kong’s business school is preparing to accept Bitcoin for tuition and donations, aligning with the country’s ambitions to adopt digital assets.
By Ibrahim Ajibade
Editor Kirsten Thijssen
Updated
3 mins read
The University of Hong Kong (HKU) Business School, one of Asia’s leading institutions, is considering plans to accept Bitcoin and other digital assets as payment for tuition fees and donations. Professor Hongbin Cai, dean of the school and Chair of Economics, announced the initiative during the CryptoFi Forum this week.
“All the technical details have been sorted out. We will take Bitcoin and digital currencies for tuition fees and donations in the future.” Professor Hongbin Cai
In a South China Morning Post report, the school confirmed that it is actively exploring digital currency payments, describing the effort as a sign of openness to financial innovation.
HKU also aims to build a secure and sustainable framework to support research, regulation, and adoption of digital assets in partnership with industry leaders.
Serendipity in HK. 😆
I don't know the guy. He asked for a selfie. As usually, I say yes.
I don't know the car or who owns it. Never sat in it. It was just there. 🤷♂️ pic.twitter.com/2YpxZrFqRH— CZ 🔶 BNB (@cz_binance) August 31, 2025
Notably, Binance founder Changpeng, who also attended the forum, highlighted Hong Kong’s potential to rival the United States and the United Arab Emirates as a major crypto hub, if the ongoing regulatory progress continues.
The HKU initiative is closely tied to Hong Kong’s broader strategy to cement its role as a global hub for digital assets. On August 1, the Hong Kong Monetary Authority (HKMA) introduced a stablecoin licensing framework, which requires issuers of fiat-backed stablecoins to obtain approval from the Securities and Futures Commission (SFC).
The framework, which took effect on August 1, enforces strict compliance rules covering capital requirements, risk management, redemption rights, and anti-money laundering safeguards. The first licenses are now expected to be issued in early 2026, marking a critical step in Hong Kong’s regulated approach to virtual assets.
Professor Cai further acknowledged the financial risks of accepting crypto but emphasized the need for experimentation:
“If we lose money, we will be losing the money of the faculty … It’s ok, we can take care of it, but at least let us give it a try.” – Professor Hongbin Cai.
It remains to be seen if the regulated adoption of cryptocurrencies for tuition and donation payments attracts capital inflow and enhances Hong Kong’s reputation as a forward-looking financial center, as observed in recent years with early-movers like El Salvador and Bhutan.
With universities like HKU exploring Bitcoin payments, the demand for secure multi-chain solutions is gaining momentum. Best Wallet (BEST) is positioning itself as a go-to platform for institutional investors and retail traders managing Bitcoin transactions alongside other digital assets.
The project has already raised over $15 million in its presale, attracting early participants with low transaction fees, competitive staking rewards, and early dApp access. Its multi-chain compatibility makes it especially appealing for users moving between Bitcoin, Ethereum, and other assets.
With discounted entry tiers still available, prospective investors can visit the official Best Wallet website to secure BEST tokens before the subsequent presale price increase.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Ibrahim Ajibade is a seasoned research analyst with a background in supporting various Web3 startups and financial organizations. He earned his undergraduate degree in Economics and is currently studying for a Master’s in Blockchain and Distributed Ledger Technologies at the University of Malta.
