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 involves an executive-change filing, which serves as a substitute for a direct ownership review, and is a crucial step towards Binance's return to the South Korean crypto market.
- The FIU's decision could allow Binance to regain full access to South Korean traders by late 2025.
- This development marks a significant milestone in Binance's Asia strategy.
Under South Korean law, regulators evaluate key executive changes rather than shareholder applications for crypto firms.
Author's summary: Binance may return to South Korea by 2025.