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.
The review process centers on an executive-change filing, which acts as a substitute for a direct ownership review under South Korean law.
- The FIU evaluates key executive changes rather than shareholder applications for crypto firms.
- If cleared, Binance could regain full access to South Korean traders by late 2025.
South Korea is moving closer to allowing Binance back into its crypto market after nearly two years of uncertainty.
This development marks a critical milestone in Binance's Asia strategy, with the company potentially regaining a foothold in one of Asia's most tightly regulated markets.
Author's summary: Binance may re-enter South Korea's crypto market by 2025.
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