Binance has successfully completed its acquisition of South Korean crypto exchange Gopax after a two-year regulatory delay centered on anti-money laundering concerns. The acquisition, enabled by regulatory approval following Binance’s $4.3 billion US settlement, allows Binance to reestablish its presence in South Korea and resolve Gopax’s $47 million liquidity crisis. With the Financial Intelligence Unit's authorization of changes in Gopax’s management, Binance is set to strengthen its foothold in South Korea's highly regulated crypto environment.
Continue to read Binance Secures Regulatory Approval to Finalize Gopax Acquisition, Reenters South Korean Market
Binance has successfully completed its acquisition of South Korean crypto exchange Gopax after a two-year regulatory delay centered on anti-money laundering concerns. The acquisition, enabled by regulatory approval following Binance’s $4.3 billion US settlement, allows Binance to reestablish its presence in South Korea and resolve Gopax’s $47 million liquidity crisis. With the Financial Intelligence Unit's authorization of changes in Gopax’s management, Binance is set to strengthen its foothold in South Korea's highly regulated crypto environment.
Continue to read Binance Secures Regulatory Approval to Finalize Gopax Acquisition, Reenters South Korean Market
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