After Years Away, Binance Reclaims A Foothold In South Korea With Exchange Ac...
Binance has formally returned to South Korea after regulators approved its takeover of local exchange Gopax, a move that ends a long period of uncertainty over the deal and clears the way for the global firm to operate in one of Asia’s biggest crypto markets. Related Reading: Sam Bankman-Fried Blames Politics: Says Biden Team Targeted […]
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On August 13, the cryptocurrency exchange Binance revealed it is ending a great number of services in South Korea. The company noted in the announcement that it evaluated local regulations and “will discontinue the following offerings in Korea, effective immediately.” Binance Ends Korean Crypto Services Last week, former CEO of Binance US and former acting Comptroller of the Currency, Brian Brooks, announced that he was leaving his position at the exchange. Prior to that HSBC suspended payments tied to Binance and the company also discontinued derivatives products in Hong Kong.....
Crypto exchange Binance has announced a discontinuation of South Korean Won trading pairs and language support. Crypto Exchange Binance Pulls Out Of South Korea As per an announcement on the firm’s website, the platform no longer offers support for certain South Korea-related services. These discontinued Binance services include South Korean Won (KRW) trading pairs, KRW […]
Indonesia and South Korea are thinking about joining forces in an attempt to boost the FinTech industry to help the burgeoning sector in both countries, reports The Jakarta Post. Last month South Korea announced that it is going to introduce bitcoin regulations in 2017 as digital currencies continue to grow in the country. According to the report, bitcoin adoption has increased significantly in South Korea, amounting to 1.5 trillion won in transactions. It was recently reported that the South Korean government was pushing ahead with the system expansion of digital currency to promote the....
The US Securities and Exchange Commission (SEC) and global crypto exchange Binance have filed a joint motion to halt the ongoing legal battle for two months, citing the ongoing changes in the regulatory agency. Related Reading: South Korea Must Approve Crypto ETFs ‘Sooner Than Later’ – Korea Exchange Chief SEC Vs Binance To Take A […]
Binance, the world’s largest cryptocurrency exchange by trading volume, has successfully completed its acquisition of South Korean-based digital asset exchange Gopax. Binance’s Gopax Stake Finalized On October 16, industry sources reported that South Korean financial authorities had finalized their review of Gopax’s executive changes, which had been pending for an extended period. Binance initially acquired […]