OSL Digital Securities Limited (“OSL Digital Securities”), a wholly owned subsidiary of BC Technology Group Limited (Stock Code: 863), has been granted an increase in its existing license by the Securities and Futures Commission (SFC) of Hong Kong. This immediate change will allow private investors to register on the platform and trade popular cryptocurrencies Bitcoin and Ethereum.
The license increase is in line with Hong Kong’s new regulatory rules and marks a substantial milestone not only for OSL Digital Securities and its parent company, BC Technology Group, but also for Hong Kong’s position as a progressive center of digital security regulation. digital assets.
This development is seen as a testament to the Group’s commitment to digital asset compliance, regulation and excellence. BC Technology Group’s board of directors considers this a key benefit to the pioneer, reflecting the group’s strategy to prioritize regulation and compliance. It further highlights how regulation forms the basis of future growth and mainstream adoption in the digital asset space.
As part of its commitment to investor protection, the Group will continue to apply strict investor protection measures and maintain a high cold/hot storage ratio to ensure the safety of clients’ assets. This move positions OSL Digital Securities to lead the transformation of the digital asset market and pave the way for a more robust and secure digital asset environment.
The license increase is seen as an important step in Hong Kong’s ambition to become a leading global hub for digital assets, enabling private users to participate in one of the fastest growing asset classes. It underscores Hong Kong’s progressive approach to digital asset regulation.
BC Technology Group Limited, incorporated in the Cayman Islands with limited liability, operates through its subsidiaries, including OSL Digital Securities. The company’s latest announcement was made on a voluntary basis to inform shareholders and potential investors of the latest information about the Group.
On the same day, August 3, 2023, HashKey Exchange claimed to be the first licensed virtual asset exchange for private users in Hong Kong. The upgrade of the Type 1 and Type 7 licenses enables the platform to expand its services for retail users. Security measures include 98% of funds in cold storage and the platform has launched a compliant OTC trading service.
HashKey exchange also partners with Standard Chartered Bank and has onboarded senior professionals to improve services.
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