**[SBI Holdings Plans to Acquire Majority Stake in Singapore Crypto CEX Coinhako]** BlockBeats News, February 17: Japanese financial group SBI Holdings plans to acquire a majority stake in Singapore-based crypto CEX Coinhako to further deepen its presence in the cryptocurrency sector. The announcement states that SBI Holdings' wholly-owned subsidiary, SBI Ventures Asset, has signed a letter of intent with Coinhako's parent company, Holdbuild, to inject capital into Coinhako and acquire shares from existing investors. If the transaction is completed, SBI Holdings will obtain a majority stake in Coinhako, making Coinhako its consolidated subsidiary. However, the deal is still subject to regulatory approval. The financial terms and ownership details of the acquisition have not yet been disclosed, and the investment structure and share purchase plan are still under discussion. This non-binding transaction would allow SBI to obtain a legal license in Singapore, one of Asia's major regulated cryptocurrency hubs. (Cointelegraph)