HashKey Exchange and OSL Digital Securities have been granted the first-ever crypto exchange licenses in Hong Kong under a new policy that permits exchanges to work with retail clients.
HashKey and OSL Now Have Permission to Broaden The Scope of Their Operation
HashKey Exchange and OSL Digital Securities have been granted the first-ever crypto exchange licenses in Hong Kong under a new policy that permits exchanges to work with retail clients.
OSL Digital Securities, a division of Hong Kong's BC Technology Group, and HashKey Exchange, a division of digital asset financial services provider HashKey Group, respectively, previously possessed Type 1 and Type 7 licenses from Hong Kong's prior opt-in licensing system for crypto asset service providers.
The two organizations now have permission to broaden the scope of their operations to include retail customers in addition to professional investors. Both exchanges will begin with trading pairs for Bitcoin (BTC) and Ethereum (ETH).
HashKey Group stated that it intended to raise money at a $1 billion valuation to take advantage of Hong Kong's resurgence as a potential crypto hub and that it wanted to launch a regulated exchange to service retail clients in the second quarter.
