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Asia's Tech News, April 2024
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Cyber attacks in Asia-Pacific in Q1 2024

Hong Kong: April 2024

Tech news from Hong Kong in April 2024 touched on items including, for instance: Hong Kong’s permission for the purchase of gold using digital tokens; Bitcoin and Ether spot ETFs available for purchase in HK but not mainland China; Brinc venture accelerator’s new tokenization advisory program; and more.

Our other editions span daily updates, weekly newsletters, monthly round-ups, and quarterly collections.

Bluechip ratings for stablecoins

Bluechip – Economic safety ratings for stablecoins

  • Hong Kong: Hang Seng Bank launches $4.2BN SME Power Up Fund to boost small business development, including cross-border opportunities in China’s Greater Bay Area / read it here
  • Hong Kong: HSBC now allows retail investors in Hong Kong to purchase real gold using digital ledger-based digital tokens / read it here
  • DigiFT, a decentralized finance exchange for blockchained real-world assets, expands into Hong Kong via Cyberport Incubation Programme / read it here
  • Hong Kong: EnerVenue looks to space for energy storage for use on Earth with nickel-hydrogen batteries, fireproof and capable of far wider temperature operation than Lithium-Ion / read it here
  • Hong Kong regulators likely to approve the first set of spot-bitcoin exchange-traded funds this week, with trading potentially commencing this month / read it here
  • Hong Kong: “Residents spend billions of dollars on trades in unregulated markets, forcing authorities to propose tightening rules while simultaneously trying to build the city’s status as a respected and open market.” / read it here
Chasing Fox Hunt

Safeguard Defenders: Chasing Fox Hunt, PRC’s Forced-Return Operations

  • Hong Kong has approved trading of Bitcoin and Ether Spot Exchange-Traded Funds, allowing HK traders to invest in BTC and ETH via traditional stock markets, eliminating the need for crypto exchanges / read it here
  • Hong Kong: Brinc venture accelerator launches IGNIT3, a bespoke full-service token advisory program, to aid blockchain startups through the lifecycle of a token offering / read it here
  • Hong Kong Securities & Futures Professionals Ass’n calls for independent self-regulatory organizations to oversee HK’s digital assets sector, rather than SFC / read it here
  • Hong Kong: Brinc venture accelerator launches IGNIT3, a bespoke full-service token advisory program, to aid blockchain startups through the lifecycle of a token offering / read it here
  • Chinese nationals barred from Hong Kong’s spot Bitcoin and Ethereum ETFs, even though 3 offering firms are mainland offshore asset managers with products tradable in Yuan / read it here
  • ICYMI: Google to sue 2 app developers who allegedly uploaded 87 Play Store apps to enable crypto-based romance scheme fraud, tracing activities back to 2019 / read it here
The Chainalysis 2024 Crypto Crime Report

The Chainalysis 2024 Crypto Crime Report

Tech news: Asia & Indo-Pacific

Critical technologies in May 2024

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