HK’s OSL buys licensed Indonesian crypto exchange Koinsayang

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HK’s OSL buys licensed Indonesian crypto exchange Koinsayang

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OSL Group has acquired Koinsayang, a licensed digital asset exchange in Indonesia, by issuing about 9.3 million shares.

OSL Group is a Hong Kong-based financial services firm focused on digital assets.

The deal gives OSL Group licenses for cryptocurrency and derivatives trading in Indonesia, expanding its regulated presence in Southeast Asia.

With this acquisition, OSL Group obtains full regulatory approval to operate in Indonesia, allowing it to offer digital asset services under local rules.

🔗 Source: The Block

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