🔥🚨📰 Binance’s Acquisition of GOPAX Nears Completion in South Korea

🔹Timeline: Nearly two years after Binance’s 2023 application to become GOPAX’s major shareholder, Korean financial authorities are expected to approve the deal by the end of 2025.

🔹Background: Binance acquired 67% of GOPAX in February 2023 but faced regulatory delays due to U.S. legal issues and AML (anti-money laundering) concerns.

🔹Progress: The Korea Financial Intelligence Unit (FIU) has resumed its review of the executive change report.

🔹Regulatory Shift: Following Binance’s resolution of U.S. lawsuits and payment of fines, Korean authorities view the exchange more favorably.

🔹Significance: The approval would mark Binance’s official entry into South Korea’s crypto market, strengthening GOPAX’s position as the country’s 5th-largest exchange.

🔹Quote: A financial industry source said the FIU is “positively reviewing” the filing, adding that Binance’s cleared U.S. legal risks reduced local hesitation.

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