Hong Kong's Securities and Futures Commission has given OSL a license for bitcoin and ether retail trading.
. 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 of growth and acceptance for digital assets, and we are excited to be at the forefront of this movement," head of regulatory affairs at BC Technology Group Gary Tiu said.
Unlike China's ongoing crypto ban, Hong Kong has adopted a more-welcoming stance towards crypto firms this year. To bolster its position as a global financial hub, authorities released several policy statements about cryptocurrencies in October and passed an amendment in December that initiated© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Bitcoin, Ethereum Technical Analysis: BTC Starts August Trading Below $29,000 – Market Updates Bitcoin NewsBitcoin dropped below the $29,000 level to start the month of August, as the greenback continued to strengthen versus other G7 currencies.
Consulte Mais informação »
Bitcoin Miner Genesis Digital Assets Opens 3 New Data Centers in South Carolina – Mining Bitcoin NewsGenesis Digital Assets (GDA) revealed it has opened three new bitcoin data centers in the western region of South Carolina.
Consulte Mais informação »
Bitcoin, Ethereum Technical Analysis: BTC Surges Towards $30,000, Following Latest Microstrategy Filing – Bitcoin NewsBitcoin moved towards the $30,000 level on Aug. 2, as markets reacted to the latest filings by Michael Saylor’s Microstrategy.
Consulte Mais informação »
Bitcoin Ordinals Team Launches Non-Profit to Support Bitcoin NFT DevelopersOrdinals creator Casey Rodarmor will be one of the four board members of the new initiative.
Consulte Mais informação »
ETF Analysts: Spot Bitcoin ETF Approval Odds at 65% Amid Pressure From Blackrock – Bitcoin News'The odds of a spot bitcoin ETF launching this year are up to 65%, in our eyes,' ETF analysts James Seyffart and Eric Balchunas say.
Consulte Mais informação »
KPMG Study Highlights Bitcoin Mining's Potential to Shrink Carbon Footprints – Bitcoin NewsKPMG's analysis describes how bitcoin miners, seeking proximity to inexpensive renewable energy sources such as solar and wind, reduce costs.
Consulte Mais informação »