China and the United Arab Emirates have joined a research initiative that studies the feasibility of a central bank digital currency.
The Hong Kong based group, which runs cryptocurrency exchange OSL, issued 45 million shares at HK$15.50, raising a total of HK$697 million—roughly equivalent to $90 million.
BC Technology Group, which owns and operates OSL, is hoping to raise the funding at a time of significant growth in demand for digital assets in local and regional markets.
OSL does not provide services to retail investors, with its clientele restricted to institutions, high net worth individuals (over US$1 million and above) and family offices.
Hong Kong’s central bank has been working with China’s digital currency institute to trial the use of the digital yuan on cross-border payments.
The founder of CEO Global digital currency exchange has reportedly been missing for 15 days, leading to a suspension of withdrawals.
The Securities and Futures Commission expects the shift in regulations to fix a loophole that its previous regulatory structure had presented.
The Hong Kong government is reportedly exploring working with Chinese authorities to incorporate the digital yuan in wholesale and cross-border settlement.
Diginex's acquisition of 8i Enterprise Acquisition Group has been approved by shareholders and Diginex will go public on Nasdaq later this month.
Police in Hong Kong have arrested three people who they claim stole close to $30,000 from BTC ATMs in the city.
The Hong Kong-based firm is merging with 8i Enterprises Acquisition Group as part of its plans to go public in September.