Binance's Potential Re-entry into South Korea: Regulatory Review Resumes After Two and a Half Years Following Gopax Acquisition

South Korea's Financial Intelligence Unit (FIU) has resumed its review of leading cryptocurrency exchange Binance's acquisition of Gopax, local media reported on the 14th. According to sources, the resumption is backed by the withdrawal of related lawsuits against Binance in the United States, increasing the likelihood of approval for executive changes within this year. If approved, Binance would take a significant step towards restarting its operations in South Korea. In 2023, Binance aimed to re-enter the South Korean market by acquiring 67% of Gopax's shares, becoming a major shareholder and submitting an 'executive change report' to the FIU...