Eugene Cheung, Chief Commercial Officer of OSL Group, said the main barrier to stablecoin payments reaching institutional scale is building a sufficiently mature compliance and risk governance payment layer.
Speaking at the Money 20/20 Asia Summit in Bangkok on April 21, he stated that financial institutions can only move large transactions onto the blockchain when they believe the system can handle the legal risks and the very complex custody of assets.
OSL emphasizes the licensing model.
Cheung argued that a stable cryptocurrency payment system needs to be evaluated against the standards of traditional payment corporations and must have an effective "control layer" to handle compliance reviews and global payments.
He also stated that this is why OSL has always pursued a licensed operating model and focused on developing infrastructure at the organizational level.
OSL tests AI integration.
According to Cheung, OSL is seeking to integrate artificial intelligence into the control portion of its payments division. The goal is to improve compliance decision-making efficiency and risk detection capabilities.
