Crypto Exchange OSL Group Raises $300M Ahead of Hong Kong's Stablecoin Regulation Plan
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Hong Kong-based cryptocurrency exchange OSL Group has raised $300 million in an equity sale . OSL, which was the first exchange to win a license from the Hong Kong Monetary Authority (HKMA), said it will use the new capital to develop new business initiatives, such as building payment and stablecoin services. Hong Kong will start allowing stablecoin issuance under a new regulatory regime taking effect at the start of August . It is in the process of unveiling a range of policies for the regulati...
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