OSL Group has secured approval to launch stablecoin payment services for wholesale clients in Australia as the country moves toward stricter oversight of digital assets. The development comes as Australia works to introduce a formal licensing regime that would bring custody, exchange and related crypto activities under clearer regulation. The company said the approval supports [...] The post Australia Approves OSL Group to Offer Wholesale Stablecoin Payments appeared first on Fintech Hong Kong.OSL Group has secured approval to launch stablecoin payment services for wholesale clients in Australia as the country moves toward stricter oversight of digital assets. The development comes as Australia works to introduce a formal licensing regime that would bring custody, exchange and related crypto activities under clearer regulation. The company said the approval supports [...] The post Australia Approves OSL Group to Offer Wholesale Stablecoin Payments appeared first on Fintech Hong Kong.
Australia Approves OSL Group to Offer Wholesale Stablecoin Payments
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OSL Group has secured approval to launch stablecoin payment services for wholesale clients in Australia as the country moves toward stricter oversight of digital assets.
The development comes as Australia works to introduce a formal licensing regime that would bring custody, exchange and related crypto activities under clearer regulation.
The company said the approval supports its plan to expand regulated digital asset payment services in key international markets.
OSL provides brokerage, exchange and custody services and operates as a licensed virtual asset platform in Hong Kong.
It is authorised by the Securities and Futures Commission to conduct Type 1 securities dealing and Type 7 automated trading services, and it also holds an AMLO virtual asset service licence to operate a virtual asset trading platform.
OSL said,
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The post Australia Approves OSL Group to Offer Wholesale Stablecoin Payments appeared first on Fintech Hong Kong.
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