fintech / news / / CoinDesk
Japanese financial conglomerate SBI Holdings plans to acquire a stake in Bitbank.
SBI Holdings has submitted a letter of intent to acquire shares in Bitbank.
KEY POINTS
- SBI aims to turn Bitbank into a consolidated subsidiary as part of its crypto expansion.
- Japan's cabinet approved a draft law to regulate crypto as financial products, effective as early as 2027.
- SBI plans to acquire a majority stake in Singapore's MAS-regulated digital asset platform Coinhako.
COMPANIES
Summarized by Newsio from CoinDesk. How we summarize →