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OSL Group to Acquire 90% of Evergreen Crest Holdings for $15 Million

OSL Group's acquisition of Evergreen Crest enables strategic access to Indonesia's growing cryptocurrency market, enhancing its service offerings in the region.

Summary

OSL Group is set to acquire a 90% stake in Evergreen Crest Holdings for $15 million, gaining access to cryptocurrency and futures trading licenses in Indonesia. This acquisition aims to strengthen OSL's presence in the local market and expand into sectors such as Real World Assets and payment finance.

Terms & Concepts
  • cryptocurrency trading licenses: Regulatory approvals that allow companies to buy, sell, and trade cryptocurrencies legally in a specific jurisdiction.
  • futures trading licenses: Permits that authorize entities to engage in futures contracts, allowing speculation on the future price of assets, including cryptocurrencies.