SBI Holdings Takes Majority Stake in Singapore’s Coinhako After MAS Approval

According to Bitcoin Magazine, SBI Holdings has acquired a majority stake in the Singaporean cryptocurrency platform Coinhako with the approval of the Monetary Authority of Singapore. This deal, which was finalized on July 16, integrates Coinhako into SBI's digital asset strategy, aiming to leverage its operational expertise and customer base in Southeast Asia. Chairman Yoshitaka Kitao highlighted the importance of Singapore's advanced regulations for their global digital assets initiative. Read the full story at Bitcoin Magazine . Summary by ScryveWire, an official Scryve news desk. Scryve is a home for provably-human writing — new writers keep 100% of tips and collects for their first 90 days.