Hong Kong To Issue First-Ever Crypto Exchange License

Aug 25, 2020Updated Jun 4, 20251 min read

Hong Kong’s Securities and Futures Commission is en route to issue the city’s first-ever license to a cryptocurrency firm.

OSL Digital Securities – a unit within Fidelity-backed BC Group – said that Hong Kong’s securities regulator has agreed in principle to issue a license, according to exchange filings.

According to BC Group chief executive Hugh Madden, the license will help increase ease of doing business by being able to engage other regulated entities. Final approval is subject to certain conditions, the filing added without providing details.

In addition to the cryptocurrency business where it generates the majority of its revenue, BC Group also provides business park and advertising services. In the first half of 2020, it posted a net loss of 90.8 million yuan ($13.1 million).

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Mei Ling Tan

Contributor · RetailNews.asia

Mei Ling Tan is the Editor of Retail News Asia, where she leads the editorial team in delivering in-depth coverage of Asia’s dynamic retail landscape. With over a decade of experience in business journalism, Mei Ling is known for her sharp analysis, deep industry insights, and commitment to uncovering the stories behind Asia’s most innovative retail brands. Before joining Retail News Asia, Mei Ling held senior reporting roles at regional business publications, covering everything from consumer trends to digital transformation in retail. A graduate of the National University of Singapore with a degree in Communications and New Media, she combines journalistic integrity with a strong understanding of evolving market forces. Outside the newsroom, Mei Ling is a frequent speaker at industry panels and a mentor for young journalists.

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