#Binance Set to Return to South Korea’s Crypto Market? 👀
After nearly two years of uncertainty, South Korea’s Financial Intelligence Unit (FIU) has resumed its review of Binance’s controlling stake in Gopax, signaling a possible comeback for the world’s largest exchange.
📌 Binance acquired 67% of Gopax in 2023 to rescue the platform after its liquidity crisis, but approval was delayed over compliance concerns. Following Binance’s $4.3B settlement with U.S. regulators, confidence seems to be returning.
If cleared, Binance could regain full access to South Korean traders by late 2025 - a major step in its Asia expansion. 🌏
💭 In my opinion - this isn’t just a regulatory win, it’s a sign that crypto is maturing under stricter, yet more open, oversight.