Binance Nears Korea Return as FIU Review of GOPAX Deal Points to Year End Approval
- FIU review of GOPAX executive change puts approval in play for 2025.
- U.S. legal overhang eased, improving Binance’s Korea outlook.
- KRW access depends on banking rails after any approval.
Binance’s acquisition of Korean exchange GOPAX is nearing completion as financial authorities are resuming the review that underpins the transaction. This follows the Korea Financial Intelligence Unit’s (FIU) recent resumption of its review process on the executive change report filed by Binance.
What changed in the review
The FIU’s process had been stalled for roughly two and a half years over anti-money-laundering (AML) concerns tied to Binance’s role as a major shareholder. That posture is now shifting.
With the review now moving forward, the agency is focusing on leadership and governance disclosures that accompany the executive change report. Under Korean prac…
Read The Full Article Binance Nears Korea Return as FIU Review of GOPAX Deal Points to Year End Approval On Coin Edition.
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Binance Nears Korea Return as FIU Review of GOPAX Deal Points to Year End Approval
- FIU review of GOPAX executive change puts approval in play for 2025.
- U.S. legal overhang eased, improving Binance’s Korea outlook.
- KRW access depends on banking rails after any approval.
Binance’s acquisition of Korean exchange GOPAX is nearing completion as financial authorities are resuming the review that underpins the transaction. This follows the Korea Financial Intelligence Unit’s (FIU) recent resumption of its review process on the executive change report filed by Binance.
What changed in the review
The FIU’s process had been stalled for roughly two and a half years over anti-money-laundering (AML) concerns tied to Binance’s role as a major shareholder. That posture is now shifting.
With the review now moving forward, the agency is focusing on leadership and governance disclosures that accompany the executive change report. Under Korean prac…
Read The Full Article Binance Nears Korea Return as FIU Review of GOPAX Deal Points to Year End Approval On Coin Edition.
Read More