The Block13 minutes ago

Published on August 03, 2023 12:28 GMT+00:00edited on August 03, 2023 12:29 GMT+00:00

OSL has received a license from Hong Kong's financial regulator for retail crypto trading. The exchange becomes the second crypto trading platform in the city to obtain a retail services license, after HashKey's approval today. The Security and Futures Commission license uplift allows Hong Kong retail investors to begin trades in bitcoin and ether.

"This is a significant first-mover advantage, and a direct result of our strategy of putting regulation and compliance first. It demonstrates how regulation is the foundation of future growth and mainstream acceptance in the digital asset space," OSL CEO Hugh Madden said.

"By granting this license uplift, the SFC has shown that it is possible for digital asset markets to be regulated and safe and we believe this will usher in a new era …