The Hong Kong Securities and Futures Commission has approved a full license for OSL Digital Securities, which will now be able to provide cryptocurrency and digital asset trading and exchange services.
OSL Digital Securities, a cryptocurrency exchange platform cryptocurrencies, and digital assets based in Hong Kong, became the first exchange in obtaining the approval of a license Type 1, for the negotiation of securities, and a license Type 7, to provide automated trading services, by the Securities and Futures Commission (SFC) of Hong Kong. With this achievement, OSL Digital Securities is closer to becoming one of the first digital asset platforms in the world to be licensed, insured, audited and listed, and thus able to offer automated services for the trading and negotiation of digital assets, under the standards established by the SFC since last year.
So far, OSL Digital Securities is the only cryptocurrency exchange to apply for and receive approval for this license. According to the statement, once the necessary conditions for the final approval of these licenses are met, the digital company will be able to operate as a brokerage and automated trading service for cryptocurrencies and digital assets, including cryptocurrencies. security tokens STO.
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Regulatory framework of the Securities and Futures Commission (SFC) of Hong Kong
OSL's application for the licenses was made in November 2019, when the SFC announced a new regulatory framework for digital asset trading and exchange platforms. This new regulatory framework includes the Know Your Customer (Know Your Customer) regulations.KYC) and anti-money laundering (AML), in addition to regulations such as portfolio insurance, segregation of client assets, management of orderly markets and other regulations and controls specific to the management and handling of digital assets.
Now, with the granting of these licenses by the regulator, the path is paved for the active participation of potential investors in the new digital finance models, which, by having regulatory clarity, guarantee security and confidence to investors and awaken greater interest in this type of assets. Thus, the provision of these licenses allows OSL to increase the use and participation of investors within its platform.
“Traditional finance has so far looked at this asset class with interest, but the lack of regulatory clarity has so far discouraged investor participation.”
Now cryptocurrency and digital asset investors using the OSL Digital Securities platform will be able to enjoy all the security and special protections offered within traditional finance. For its part, the regulatory body has demonstrated an incredible evolution in regulations and standards to adapt to the new developing digital ecosystems, which are becoming increasingly important in society. So far, the SFC remains the only regulator to fully integrate the requirements necessary for the operation of digital asset platforms in conjunction with the regulations of traditional assets.
About OSL Digital Securities
OSL Digital Securities is the largest cryptocurrency and digital asset platform in Asia. This platform is an important member of BC Technology Group, and is the only publicly traded digital asset company licensed and audited by the consulting and auditing firm Big Four.
The company offers OTC, iRFQ, and e-commerce services. It also offers digital asset lending and traditional lending services, as well as digital asset custody, and much more. OSL Digital Securities has seen an incredible growth of over 47% since 2019, making it a safe and reliable company that offers a gateway to digital asset ecosystems.
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