Curated News
By: NewsRamp Editorial Staff
April 22, 2024

OSL Group (863.HK) Granted AMLO License by SFC in Hong Kong

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Source News Release

TLDR

  • OSL is the first to be granted an AMLO licence, giving them a competitive advantage in the regulated digital assets market.
  • OSL has consistently upheld the highest regulatory and compliance standards, securing the AMLO licence through ongoing efforts and operational excellence.
  • OSL's AMLO licence enhances the security and credibility of the digital asset space, making tomorrow better by setting industry benchmarks for safety and reliability.
  • OSL is embarking on its fourth year of compliance and operational excellence, now with the added milestone of being granted the AMLO licence.

Impact - Why it Matters

The granting of the AMLO license to OSL Group by SFC is significant as it enhances the security and credibility of the digital asset space. This development also signals OSL's commitment to leading and innovating within the regulated digital assets market, which will have a profound impact on the future of digital asset investments in Hong Kong. Additionally, with the imminent launch of the first spot Bitcoin and Ether ETFs, OSL's commitment to meeting the highest expectations of institutional partners is further solidified.

Summary

OSL Digital Securities (“OSL”), the digital asset platform of OSL Group (863.HK), has been granted a licence under the Anti-Money Laundering and Counter-Terrorist Financing (“AMLO”) by Securities and Futures Commission Hong Kong (“SFC”). This achievement emphasizes OSL's commitment to regulation, enhancing the security and credibility of the digital asset space. As the first digital asset platform licensed in Hong Kong, OSL has consistently upheld the highest regulatory and compliance standards. OSL's AMLO licence marks a key milestone in its mission to lead and innovate within the regulated digital assets market. With the imminent launch of the first spot Bitcoin and Ether ETFs from partners China Asset Management (Hong Kong) and Harvest Global Investments, OSL's AMLO licence is a testament to its commitment and unique abilities to meet the highest expectations of institutional partners.

Source Statement

This curated news summary relied on this press release disributed by BlockchainWire. Read the source press release here, OSL Group (863.HK) Granted AMLO License by SFC in Hong Kong

blockchain registration record for the source press release.