Binance is back in South Korea. The world’s largest crypto exchange has completed its acquisition of local platform Gopax after receiving final approval from South Korean financial regulators.
The green light from the Financial Intelligence Unit ends a standoff that lasted over two years, a delay caused by concerns over Binance’s anti-money laundering practices.
Those concerns were largely alleviated after Binance settled its major US legal battles, paying $4.3 billion in penalties. The completed deal marks a decisive comeback for Binance, which shut down its direct services in the country in 2021.
