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OSL Group Secures $300M Funding Amid Hong Kong’s Stablecoin Regulatory Push
OSL Group Secures $300M Funding Amid Hong Kong’s Stablecoin Regulatory Push
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BTCCSquare news:
Hong Kong's OSL Group, a licensed cryptocurrency exchange, has raised $300 million in equity financing. The capital will fuel expansion into payment solutions and stablecoin services, aligning with the city's upcoming regulatory framework for digital assets.
Hong Kong's Monetary Authority will implement stablecoin issuance rules in August, part of broader efforts to establish oversight for exchanges and custodians. The regulatory shift aims to balance innovation with risk management and investor protection.
OSL plans to deploy funds for strategic acquisitions and balance sheet strengthening. The exchange holds the distinction of being first to receive operational approval from Hong Kong's financial regulators.
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