Banxa Holdings Inc., a prominent infrastructure provider for integrating crypto into payment platforms, has provided an update on its ongoing plan of arrangement with OSL Group Limited and OSL BNXA Acquisition Inc. A key component of progressing the transaction is obtaining certain regulatory approvals. As of the latest update, Banxa has secured change of control approval for money-transmitter licenses in 17 of the 37 required U.S. states. Additionally, the company has received a declaration of no objection from the Netherlands De Nederlandsche Bank, a significant step towards obtaining the Markets in Crypto-Assets Regulation license. Notifications have also been submitted to the UK's Financial Conduct Authority. The hearing for the final order to approve the arrangement, initially set for September 2, 2025, has been postponed by the Supreme Court of British Columbia to allow more time for acquiring the remaining necessary approvals.