Binance has completed the acquisition of the South Korean cryptocurrency exchange Gopax

ChainCatcher news, according to The Block citing local South Korean media MK, Binance has completed its acquisition of the South Korean cryptocurrency exchange Gopax.

On Wednesday, after more than two years of delays, the Korea Financial Intelligence Unit approved the change of key management personnel at Gopax. In 2023, after Binance acquired a 67% majority stake in Gopax, Gopax submitted this change application. Previously, South Korean regulators had not granted full approval for Binance's acquisition of Gopax, citing potential anti-money laundering risks. Local media reported that this approval seems to have been driven by Binance resolving compliance issues in the United States. This approval indicates that Binance will re-enter the South Korean market after shutting down its local operations in 2021.