OSL referred to as its entry into Japan a “strategic step.” The corporate emphasised that the crypto market in Japan has vital progress potential. By the top of 2023, Japan had over 5 million energetic crypto accounts, demonstrating sturdy crypto adoption.
Ivan Wong, OSL’s chief funding officer, described the acquisition as a “pivotal milestone.” He mentioned this transfer underscores OSL’s dedication to constructing a compliant, modern digital asset platform. It is because of this that Wong stays optimistic that insights to be acquired from the Japanese market will add worth to what OSL has been providing. He reckons that this manner, OSL will stay aggressive within the regional markets.
The acquisition is the most recent in Japan, that’s considering of refreshing its cryptocurrency rules. Lately, huge Japanese monetary gamers urged the federal government to assist the introduction of ETFs for main tokens like Bitcoin and Ethereum, and supported tax reforms regarding crypto good points.
With its entry into Japan, the agency stands proud to deal with these regulatory developments. This transfer may additionally develop OSL’s affect inside one among Asia’s most strictly regulated crypto markets.