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 under strict compliance rules.
The country is moving closer to allowing Binance back into its crypto market after nearly two years of uncertainty.
- The FIU's examination centers on an executive-change filing, which acts as a substitute for a direct ownership review.
- If cleared, Binance could regain full access to South Korean traders by late 2025.
Under South Korean law, regulators evaluate key executive changes rather than shareholder applications for crypto firms.
This development marks a critical milestone in Binance's Asia strategy.
Author's summary: Binance may re-enter South Korea's crypto market.