OSL Group Limited announced that its Japanese subsidiary, OSL Investment (Japan) Limited, has signed a share purchase agreement to acquire an 81.38% stake in local crypto exchange CoinBest K.K., according to a Nov. 4 press statement. This acquisition represents a significant move for OSL, marking its strategic entry into Japan’s rapidly expanding crypto market, which…
Hong Kong’s Securities and Futures Commission (SFC) has confirmed that the full regulatory framework for digital assets is set to be completed by next year, according to CEO Liang Fengyi. She also noted that 11 more crypto platforms are in the process of applying for licenses, with the first round of assessments already finished. SFC…
August 24, 2024 at 05:48 PM GST 2 mins read News Hong Kong’s spot Bitcoin ETFs gained 274 bitcoins worth HK$2 billion, driven by significant inflows into the ChinaAMC Bitcoin ETF. Two ETFs managed by China and Harvest Asset Management control over 63% of Hong Kong’s Bitcoin ETF market, totaling HK$1.337 billion. Despite recent gains,…