1 year ago
OSL, a Hong Kong-based licensed crypto exchange, is not for sale, according to a caller filing by its genitor company.
BC Technology, which owns OSL, said that Bloomberg’s report astir the pending merchantability is “factually inaccurate and highly misleading” successful a filing with the Hong Kong Stock Exchange. Bloomberg initially reported that the speech was connected the marketplace astatine a valuation of 1 cardinal Hong Kong dollars ($128 million).
The speech and HashKey are the lone 2 to unafraid crypto licenses successful Hong Kong nether the caller regulations passed successful June, allowing them to service retail customers, with the exertion process costing betwixt $12-$20 million, sources told CoinDesk astatine that time.
Speaking with the South China Morning Post, a spokesperson for BC Technology said, "we person seen expanding lawsuit involvement successful OSL’s services pursuing the enforcement actions taken against unlicensed and unlawful players successful Hong Kong successful caller weeks,” referring to the closure of JPEX and consequent arrests.
BC Technology’s banal fell 22% astatine the adjacent successful Hong Kong.
According to the firm's nationalist equilibrium sheet, OSL is BC Technology’s superior income source.
Edited by Aoyon Ashraf.
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