Binance 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 involves an executive-change filing, which acts as a substitute for a direct ownership review, and is a crucial step towards Binance regaining access to the South Korean market.
- The FIU's review may lead to Binance's return to South Korea by late 2025.
- Under South Korean law, regulators evaluate key executive changes rather than shareholder applications for crypto firms.
The world's largest crypto platform may soon regain a foothold in one of Asia's most tightly regulated markets.
Author's summary: Binance may return to South Korea by 2025.