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Binance Reports Acquisition of Gopax to Korean Financial Authorities

Cointime Official

According to a report from Newsis, crypto giant Binance has completed reporting to the Korean financial authorities regarding the acquisition of Gopax, a South Korea-based crypto trading platform.

According to the financial authorities on the 7th, Gopax has submitted a report on the change of virtual asset business to the Korean Financial Services Commission's Financial Intelligence Unit (KoFIU).

KoFIU is the Korean Financial Intelligence Unit under the Financial Services Commission, established to prevent such money laundering and terrorist financing, and contribute to enhanced transparency of financial transactions.

If KoFIU accepts this change report, it will be the first case of a global crypto exchange entering the domestic market through the domestic Won exchange.

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