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Hong Kong Crypto Exchange OSL's Owner BC Technology Considers Sale for HK$1 Billion

BC Technology Group, the parent company of Hong Kong crypto exchange OSL, is reportedly considering selling the exchange for HK$1 billion ($128 million). While BC has started conversations with potential buyers, there is no guarantee that a deal will be reached. OSL is the company's major source of income, but BC may only sell parts of the exchange rather than the entire company. Hong Kong regulatory guidelines for crypto trading were introduced in June, and OSL's Director and Head of Regulatory Affairs praised the rules as providing robust investor protection.

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