SBI Holdings said it completed the acquisition of a majority stake in Singapore-based cryptocurrency platform Coinhako on July 16 and has brought the company into its consolidated subsidiary group. The company said the transaction received the necessary approval from the Monetary Authority of Singapore. The update was reported by ChainCatcher as a brief regulatory and corporate development in the crypto sector. The announcement centers on the closing of the deal, the size of control obtained by SBI Holdings, and the regulatory clearance tied to the transaction. No financial terms were disclosed in the brief.
SBI Holdings said it completed the acquisition of a majority stake in Singapore cryptocurrency platform Coinhako on July 16 and has included the company within its consolidated subsidiaries.
The transaction received the necessary approval from the Monetary Authority of Singapore.
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