Hong Kong-based OSL Group has made a significant move into the Japanese cryptocurrency market by purchasing an 81.38 percent stake in CoinBest, a crypto exchange regulated by Japan’s Financial Services Agency (FSA). The acquisition, to be carried out by OSL Group's Japanese subsidiary, marks a crucial step for the company as it aims to enhance its presence in the Asia Pacific region. With Japan expected to have 22 million active crypto accounts by 2023, OSL Group views this acquisition as a strategic milestone. While the financial terms remain undisclosed, OSL Group's Chief Investment Officer, Ivan Wong, emphasized the company's commitment to providing innovative technologies and valuable insights to the Japanese market. This move aligns with OSL's goal of strengthening its competitiveness in the rapidly evolving cryptocurrency sector, especially amidst potential legislative changes in Japan regarding cryptocurrencies and taxation. The acquisition of CoinBest positions OSL Group as a key player in Japan's burgeoning crypto market. Read more AI-generated news on: https://app.chaingpt.org/news