OSL, the main SFC-certified digital asset platform, has upgraded its SFC accreditation. The SFC is the Hong Kong-based Securities and Futures Commission. The certification has an immediate impact. OSL wants to give retail traders the opportunity to list themselves on its platform and engage in the buying and selling of products containing digital assets. This includes Ethereum and Bitcoin. The fact that the accreditation was obtained says a lot about how the company views compliance with all legal requirements for digital property.
The updated certification fits within the parameters of the modern algorithm that the Hong Kong regulatory authorities have established. This gives the impression that the country is likely to want to be the most popular destination for digital goods worldwide. The regulations emphasize the fact that digital property businesses in Hong Kong are safe and legal.
Hugh Madden, the CEO of OSL, believes that the company will greatly benefit from this improved certification. He thinks this enormous accomplishment is the result of their ongoing leadership in matters of norms and adherence to them.
OSL has maintained its commitment to ensuring that all regulatory requirements are met despite the current climate, in which the cryptocurrency sector is viewed with skepticisms. Retail traders stand to gain the most from this viewpoint, since they are guaranteed of aspects related to security and transparency when dealing with OSL and digital assets. OSL has also implemented stringent investor protection measures.
Gary Tiu, Head of Regulatory Affairs, believes that the improved SFC certification is not only extremely valuable for OSL but also opens the door to revolutionizing how the crypto market and the crypto community are perceived. Under the current conditions, the digital asset sector plays a crucial role, therefore the idea that anyone who explores it would be protected is appreciated.
BC Know-how, the largest publicly traded fintech and digital asset company in Asia, supports OSL. OSL is a well-known name in the field of digital asset options and was formally created in 2018. The company offers services like custody, trade, and brokerage. Additionally, it provides SaaS technology alternatives. OSL is proud of its safe and secure cold and warm pockets framework, which keeps digital assets safe and makes sure that transaction settlements occur on schedule.
