The post Hong Kong’s OSL Crypto Platform Explores Possible Sale at $128M Valuation! appeared first on Coinpedia Fintech News
Hong Kong-based BC Technology Group is reportedly considering the sale of its crypto platform OSL at a valuation of HKD1bn ($128m). OSL is one of only two digital currency exchanges to have been licensed under regulatory changes introduced by the city. BC Technology has reportedly already assessed interest from buyers, including funds and other sectoral players. The move comes as Hong Kong seeks to establish itself as a hub for digital financial services, but amid challenges both from competitors in the Asian region and from the disruptive impact of emerging technologies such as blockchain and cryptocurrencies.
