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BC Technology Denies Report of $128M Crypto Exchange Sale

OSL, a Hong Kong-based licensed crypto exchange, is not for sale, according to a recent filing by its parent company. BC Technology, which owns OSL, said that Bloomberg’s report about the pending sale is “factually inaccurate and highly misleading” in a filing with the Hong Kong Stock Exchange. Bloomberg initially reported that the exchange was on the market at a valuation of 1 billion Hong Kong dollars ($128 million). The exchange and HashKey are the only two to secure crypto licenses in Hong Kong under the new regulations passed in June, allowing them to serve retail customers, with the application process costing between $12-$20 million, sources told CoinDesk at that time.


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