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South Korean regulator delays Gopax acquisition due to Binance-SEC lawsuit

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The South Korean Financial Services Commission is monitoring the outcome of the SEC lawsuit against Binance.

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SEC lawsuit against Binance stalls Gopax acquisition deal in South KoreaBinance’s Gopax acquisition was not just about the crypto exchange’s re-entry into South Korea but also a revival of the troubled local crypto trading platform. .binance acquired a majority stake in Gopax in February, intending to reenter the South Korean crypto market after a two-year hiatus. The FSC has reportedly suspended Gopax’s executive change report filed on March 7, citing the recent SEC lawsuit.
Source: Cointelegraph - 🏆 562. / 51 Read more »