OSL Group, a licensed virtual asset trading platform in Hong Kong, will seek merger and acquisition opportunities in the Korean and Japanese markets that accommodate institutional investors, while seeking local partners to expand business development in East Asia and Southeast Asia markets. With the emergence of spot ETFs such as Bitcoin, even if there is a halving, the market has entered a bull market. OSL Group's CFO, Hu Zhenbang, added that since the third quarter of last year, virtual assets have gradually increased in trading volume. Currently, testing is being carried out on the App, and it has undergone changes in regulatory requirements during the process. It is expected that the new version of the App will be ready by the end of April or early May. OSL will continue its existing B2B2C (business-to-business-to-consumer) market and will not be limited to developing SaaS (software as a service). It will also expand its business model to serve more banks and financial institutions.

Hong Kong licensed virtual asset trading platform OSL Group announced a partnership with global insurance and reinsurance company Canopius and upgraded its digital asset platform custody insurance agreement. The London Labor Society (Lloyd's of London) underwriting group led by Canopius will provide OSL with a new custody insurance agreement for two years with higher coverage. In addition, OSL Group stated that Hong Kong regulatory guidelines require virtual asset service providers (VASPs) to cover insurance for 50% of custodial assets, but OSL's insurance coverage already covers at least 95% of regulated assets and has expanded its custody insurance limit.

On January 12th, Hong Kong licensed virtual asset trading platform OSL's parent company OSL Group (863.HK, formerly BC Technology Group) board of directors released an announcement, which includes: completing the issuance of new shares based on special authorization; changes in directors, CEO, chairman, authorized representative, and the composition of the board of directors; changing the company name; changing the company logo. Among the board members, the executive directors include Mr. Pan Zhiyong (Chairman and CEO), Mr. Gao Zhenshun, Ms. Xu Kang, Mr. Yang Chao, Mr. Diao Jiajun; independent non-executive directors include Mr. Zhou Chengyan, Dr. Yang Yu, Mr. Xu Biao.

&nbsp;BC Technology Group, the parent company of licensed virtual asset trading platform OSL in Hong Kong, announced that its shareholders have officially passed relevant resolutions through voting, including:<br>1. Approving, confirming, and ratifying the subscription agreement signed by BGXGroup Holding Limited (as the subscriber) on November 13, 2023, and agreeing to issue and distribute a total of 187,600,000 subscription shares at a subscription price of HKD 3.80 per share, and the transactions to be conducted thereunder; granting special authorization to the directors to exercise all the powers of BC Technology Group to issue and distribute subscription shares in accordance with the terms and conditions of the subscription agreement and within the limits set therein;<br>2. After obtaining the approval of the Registrar of Companies in the Cayman Islands, changing the company's English name from "BC Technology Group Limited" to "OSL Group Limited" and the company's Chinese and English bilingual name from "BC Technology Group Limited" to "OSL Group Limited", which shall take effect from the date on which the Registrar of Companies in the Cayman Islands issues the certificate of registration for the change of name, and hereby authorizing any director or company secretary of the company to take any necessary actions, agreements, and matters that he or she deems necessary, appropriate, or expedient for the purpose of involving, implementing, and implementing the proposed name change, and to sign all relevant documents and to handle any necessary registration and/or filing matters on behalf of the company.

The Hong Kong Securities and Futures Commission updated the joint circular on virtual asset-related activities of intermediaries with the Hong Kong Monetary Authority issued on October 20 this year. The new rules added specify the requirements of the authorities for ETF issuers to launch virtual asset spot ETFs in Hong Kong. Dave Chapman, Executive Director and Regulatory Affairs Director of OSL, said that he welcomes the Hong Kong Securities and Futures Commission to allow Hong Kong to promote virtual asset spot ETFs, and the regulatory agency requires the underlying asset custodian of the ETF to be a licensed virtual asset platform or recognized financial institution in Hong Kong to effectively ensure that all virtual asset spot ETFs are limited to Hong Kong for operation, ensuring the integrity of regulation. OSL is applying to allow more currencies to be traded on its platform.

SL Digital Securities, the digital asset department under BC Technology Group, and Mulana Investment Management Limited, which is licensed by the Hong Kong Securities and Futures Commission to provide regulated virtual asset management services for Classes 1, 4, and 9, have announced today that they have signed a strategic cooperation agreement to jointly build from a multi-dimensional business perspective and continuously optimize the digital asset products and services of both parties.

BC Technology Group has issued a voluntary announcement stating that its licensed virtual asset exchange in Hong Kong, OSL, is partnering with Interactive Brokers to provide one-stop, real-time digital asset trading services for Interactive Brokers' retail users in Hong Kong.

On November 28th, BC Technology Group Limited's board of directors announced that OSL Digital Securities Limited (OSL) has significantly expanded its cooperation services with Interactive Brokers Hong Kong (Interactive Brokers).With the support of OSL's platform, Interactive Brokers' Hong Kong retail users can now conduct digital asset trading instantly on a one-stop basis. As the only digital asset trading platform for Interactive Brokers, OSL will continue to set industry standards in service, security, and compliance.

Cryptocurrency group BGX has made a strategic investment in BC Technology Group, the parent company of licensed virtual asset exchange OSL in Hong Kong, subscribing to new shares worth approximately HKD 710 million.<br>Previously, Golden Finance reported that BC Technology Group, the parent company of OSL, was suspended from trading on the Hong Kong Stock Exchange, and applied for the suspension of share trading on the Hong Kong Stock Exchange to wait for the company to issue new shares (constituting insider information) to publish an announcement.

On November 13th, BC Technology Group (00863) will be temporarily suspended from trading starting from November 13th, 2023, waiting for the announcement of a transaction that needs to be disclosed (which constitutes insider information). It is reported that OSL, a digital asset trading platform under BC Technology Group, is a compliant licensed digital asset trading platform that can be traded in Hong Kong. Bloomberg previously reported that BC Technology Group plans to sell OSL, its digital asset platform, for HK$1 billion. However, OSL clarified that the report was not true.