Binance's Potential Return to South Korea
South Korea's Financial Intelligence Unit (FIU) has resumed its review of Binance's stake in Gopax, signaling a possible re-entry for the crypto giant into the South Korean market.
The review process centers on an executive-change filing, which serves as a substitute for a direct ownership review. If cleared, Binance could regain full access to South Korean traders by late 2025.
Under South Korean law, regulators evaluate key executive changes rather than shareholder applications for crypto firms.
- Binance's return to South Korea would mark a critical milestone in its Asia strategy.
- The country is one of Asia's most tightly regulated markets.
Author's summary: Binance may re-enter South Korea's crypto market.
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