BC Technology Group, the parent company of OSL, a publicly listed crypto exchange, has received a strategic investment of HK$710 million (approximately $90 million) from BGX, the operator of the BitgetX platform. This investment involves a subscription for shares in BC Technology Group and is subject to approval from BC Technology shareholders. The CEO of BGX, Patrick Pan, expressed confidence in the partnership, stating that it will strengthen BGX’s global presence and enhance the growth of the digital asset industry. In related news, BitgetX announced its decision to halt operations and not pursue regulatory registration and licensing in Hong Kong. As a result, the Stock Exchange of Hong Kong was asked to halt trading of OSL shares. The price of Bitget Token (BGB) experienced a significant increase following the announcement.
This News Article was automatically generated by Bob the Bot (AI)
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Asia |
| Countries | ðŸ‡ðŸ‡° |
| Sentiment | positive |
| Relevance Score | 1 |
| People | Patrick Pan |
| Companies | Stock Exchange of Hong Kong, BGX, BitgetX, OSL, BC Technology Group |
| Currencies | Bitget Token, Hong Kong Dollar, US Dollar |
| Securities | None |
