Reported 19 days ago
Binance is nearing its return to the South Korean market after local authorities resumed their review of its acquisition of Gopax, a domestic cryptocurrency exchange, which had been stalled for over two years due to anti-money laundering concerns. The Financial Intelligence Unit (FIU) is currently evaluating changes to Gopax's executive team, directly linked to Binance's ownership stake. If approved, Binance could officially re-enter the market by the end of 2025, amidst strong interest from South Korean investors in crypto-related assets.
Source: YAHOO