Bitcoin
Bitcoin (BTC)
$57,947.00 2.28232
Bitcoin price
Ethereum
Ethereum (ETH)
$3,136.53 2.32193
Ethereum price
BNB
BNB (BNB)
$535.25 3.22513
BNB price
Solana
Solana (SOL)
$139.25 3.76688
Solana price
XRP
XRP (XRP)
$0.4779570 7.45033
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000166 3.50608
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000088 1.21858
Pepe price
Bonk
Bonk (BONK)
$0.0000230 0.4563
Bonk price
Bitcoin
Bitcoin (BTC)
$57,947.00 2.28232
Bitcoin price
Ethereum
Ethereum (ETH)
$3,136.53 2.32193
Ethereum price
BNB
BNB (BNB)
$535.25 3.22513
BNB price
Solana
Solana (SOL)
$139.25 3.76688
Solana price
XRP
XRP (XRP)
$0.4779570 7.45033
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000166 3.50608
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000088 1.21858
Pepe price
Bonk
Bonk (BONK)
$0.0000230 0.4563
Bonk price
Bitcoin
Bitcoin (BTC)
$57,947.00 2.28232
Bitcoin price
Ethereum
Ethereum (ETH)
$3,136.53 2.32193
Ethereum price
BNB
BNB (BNB)
$535.25 3.22513
BNB price
Solana
Solana (SOL)
$139.25 3.76688
Solana price
XRP
XRP (XRP)
$0.4779570 7.45033
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000166 3.50608
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000088 1.21858
Pepe price
Bonk
Bonk (BONK)
$0.0000230 0.4563
Bonk price
Bitcoin
Bitcoin (BTC)
$57,947.00 2.28232
Bitcoin price
Ethereum
Ethereum (ETH)
$3,136.53 2.32193
Ethereum price
BNB
BNB (BNB)
$535.25 3.22513
BNB price
Solana
Solana (SOL)
$139.25 3.76688
Solana price
XRP
XRP (XRP)
$0.4779570 7.45033
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000166 3.50608
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000088 1.21858
Pepe price
Bonk
Bonk (BONK)
$0.0000230 0.4563
Bonk price

OSL owner denies reports of selling crypto business in Hong Kong

osl-owner-denies-reports-of-selling-crypto-business-in-hong-kong
Edited by
News
OSL owner denies reports of selling crypto business in Hong Kong

BC Technology says statements in Bloomberg’s article are ‘factually inaccurate and highly misleading.’

Hong Kong’s BC Technology Group Ltd. has denied recent reports saying that the company is exploring the sale of its licensed crypto platform OSL.

In a recent Hong Kong stock exchange filing, the firm said that the “contents and statements” made in Bloomberg’s article are “factually inaccurate and highly misleading,” the South China Morning Post reports.

In the article that surfaced on Oct. 16, Bloomberg said, referring to people familiar with the matter, that BC Technology Group had “gauged interest” in OSL from buyers at a HK$1 billion ($128 million) valuation. After the news broke, BC Technology’s shares dropped by over 34% to HK$2.8, according to data from Google Finance.

The news came amid reports that two China-tied brokers plan to apply for a virtual asset service platform (VASP) license to offer services for retail clients in Hong Kong. According to Nikkei Asia’s sources familiar with the matter, Yax and PantherTrade are undergoing third-party assessments to submit their applications with the Securities and Futures Commission (SFC).

In just a year, Hong Kong has moved from being a cryptocurrency-unfriendly region to claiming the top spot among the most cryptocurrency-ready regions as uncertainty around the regulation of the crypto industry in the U.S. keeps growing.

Yet, only two companies have been granted crypto licenses in Hong Kong: OSL and Hashkey, while other brokers are reportedly waiting for more clarity on Hong Kong’s rules.