Crypto Exchange OSL Wants to Renew its License in Hong Kong

Hong Kong-based regulated crypto exchange OSL has just submitted an application to the SFC to renew its current digital asset trading platform operator license.

The company has made the decision due to the entry into force of new regulatory requirements of the department in relation to retail investors from June 1, 2023.

The company has said it is committed with the SFC regulatory framework and has said it plans to expand access to digital asset trading for all types of market participants.

In order to comply with the new regulations, OSL will extend asset segregation and the use of hot and cold wallet infrastructure to retail investors.