OSL Group and Cheetah Mobile have implemented Hong Kong's first "Travel Rule" money transfer system integration.

PANews, April 20 – OSL Group (863.HK) (OSL), a global stablecoin payment and trading platform, announced today that its licensed virtual asset trading platform (VATP), OSL Digital Securities Limited (OSL HK), and Cheetah Trading (Hong Kong) Limited (Cheetah Trading), a self-built licensed virtual asset exchange under Futu, have successfully completed the integration of Hong Kong's first "Travel Rule." This integration enables end-to-end identity verification for digital asset transfers between the two platforms, working together to build a safer and more transparent Hong Kong digital asset market.

This integration of "transfer rules" ensures the secure exchange of identity information at every stage of a transfer, operating within a highly transparent and compliant framework. It also lays the foundation for the next phase of digital asset development for both platforms in Hong Kong. With the future rollout of Hong Kong dollar stablecoins and other tokenized assets, this collaborative framework will ensure that all value flows comply with the highest digital asset management standards.

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Author: PA一线

This content is for market information only and is not investment advice.

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