Binance Moves Closer to Reentering South Korea

The post Binance Moves Closer to Reentering South Korea appeared first on Coinpedia Fintech News

South Korea’s Financial Intelligence Unit (FIU) has restarted its review of Binance’s 67% stake acquisition in local exchange Gopax after a two-year pause due to regulatory concerns. The FIU is currently examining Gopax’s executive change filing favorably, with approval likely by the end of 2025. This move could pave the way for Binance’s return to the Korean market following its 2021 exit amid U.S. legal issues. The recent resolution of Binance’s U.S. regulatory concerns has eased South Korean scrutiny.