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COINOTAG, citing TheBlock, reports that South Korean regulators have reopened the review of Binance‘s proposed acquisition of Gopax. The Financial Intelligence Unit (FIU) is reassessing the formal notification on changes to Gopax’s key executives and is reportedly positively inclined, with regulatory approval potentially achievable by late 2025—an outcome that could facilitate Binance’s cautious re-entry into the Korean market.
Previously, Binance provided support after about $47 million of Gopax customer funds were frozen amid the Genesis Global Capital bankruptcy and subsequently acquired roughly 67% of Gopax shares, filing an executive-change report. The approval process was paused by authorities; current FIU activity, according to reports, follows developments on US compliance matters, highlighting cross-border regulatory coordination around major crypto exchange transactions.
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