Hong Kong-approved Exchange OSL reached its highest level in a year on June 25th with a share price of 18% to HK$14.6. The approval of a virtual asset license from Chinese brokerage Guotai Junan International has raised the exchange's share price.
Guotai became the first Chinese securities company in the region to secure approval for virtual asset trading services, and its stock price also rose by more than 200% since its announcement. Hash key, tokens to authorized exchanges in Hong Kong, I saw it That token HSK is climbing over 50% today.
Guotai Junan International upgrades type 1 license
Guotai Junan has been approved for license upgrades to provide trading virtual asset services. The biggest advantage is Yakai Securities.
Yaocai Securities was acquired by Ant.
The most imaginative thing is that Alipay can exchange BTC/ETH.PIC.TWITTER.COM/NRVAV0J3RE with Alipay– River trummo🐮 (@xiiamucrypto) June 25th,
Guotai Junan Securities, a subsidiary of Guotai Haitong Group, received an upgraded Type 1 license from the Hong Kong Securities and Futures Commission on Wednesday and provided advice under the provisions of its virtual asset trading services. The license also helps to provide access to Bitcoin, Ethereum, Stubcoin and other virtual assets through approved trading platforms.
Guotai Junan's excitement Upgrade The license is reflected in stock prices on Hong Kong-wide exchanges, including SFC-approved key player OSL, which saw the stock price rise 18% to HK 14.6 for a year.
Hong Kong has been trying to standardize its cryptographic regulations, which began in June 2023 when SAR enacted its virtual asset licensing rules. The rules required all service providers to obtain SFC licenses under the Money Laundering and Counterterrorism Financing Ordinance, which aims to combat money laundering and terrorist financing. Specially managed areas have previously been tightened for stable rocks and tokenization regulations.
In Hong Kong, more and more institutions are entering the emerging sector, including virtual asset exchanges, web 3.0 companies and securities companies. At the time of publication, around 40 brokerage companies upgraded their licenses to provide virtual asset trading services in the country, including a Singapore-based Tiger Broker Unit, a Hong Kong-based Futu securities subsidiary and Thousand Whale technology.
Hong Kong has set up hiber for Stablecoin publishers
Hong Kong's stubcoin regulations are currently a law.
Starting August 1, 2025, you will need a license from HKMA to issue Fiat Pegged Stablecoin.Do you stay in hkd or fiat? You are regulated – it's not a problem that you are based
– Shyft Network (@shyftnetwork) June 23, 2025
In May 2025, Hong Kong's monetary authorities established a licensing system for referenced stubcoin issuers in Hong Kong and passed the stubcoin ordinance.
The CEO of HKMA Eddie Yue has announced that the ordinance is expected to come into effect on August 1, 2025, and that HKMA will then begin accepting license applications. Currently, agents are consulting on detailed implementation guidelines for early adoption.
“This ordinance is an important step to strengthening the regulatory framework for digital asset activities, protecting financial and financial stability, and strengthening Hong Kong's position as an international financial centre.”
–Eddie YueChief Executive Officer of Hong Kong's Monetary Authority.
Yue added that HKMA is actively involved in the work of international organizations, including the Financial Stability Committee (FSB) under the G20, which announced the “Global Regulatory Framework for Crypto Asset Activities” in 2023.
HKMA noted that the Stablecoins ordinance adopts the principle of “same activities, same risks, same regulations.” The entity added that it will provide appropriate protection against financial stability risks and money laundering, promote investors' protection and lay a solid foundation for the industry's sustainable development.
Yue revealed that HKMA plans to set up a hiber for licensing, taking into account user protection, market capabilities and long-term development needs. The agency said it expects that in the first phase, only a handful of licenses will be granted.
HKMA has revealed that participation in Stablecoin publishers' Sandbox, which began early last year, is not a prerequisite for receiving a license, and participation is not a guarantee of a license. The agency emphasized that it should be cautious when considering a license application.
According to Yue, the question of how Stablecoins work alongside CBDC and bank issued tokens remains unresolved. HKMA also wants to promote responsible and sustainable development of Hong Kong's digital assets to integrate the city's role as an international financial centre.
