🚀 Binance officially makes a "comeback" to South Korea after 2 years of waiting! 🇰🇷
Binance has completed the acquisition of the Gopax exchange after receiving approval from the South Korean FIU for key personnel changes, ending more than 2 years of delays due to concerns over money laundering.
The deal began in February 2023, when Binance acquired 67% of Gopax's shares, officially bringing the exchange back to legality among the top 5 platforms permitted to trade fiat currency in South Korea.
This is also an important step for Binance to strengthen its position in Asia, after overcoming a scandal involving a $4.3 billion fine from the US in 2023.
Gopax previously faced a crisis due to Genesis freezing $47 million in GoFi, but Binance quickly provided assistance, and now Gopax is thriving, Binance is happy! 😎
⚠️ This article is not an investment invitation — read for fun, laugh to your heart's content, and remember to DYOR to avoid "Go broke with Gopax" 😅