Binance Sheds Over 60% Stake from Gopax as South Korea Navigates New Crypto Laws

Binance is slashing its majority stake in South Korea’s local exchange, Gopax, to around 10%. Gopax is one of the top five Won trading platforms in Korea. The South Korean market is prepping for new laws effective July 19, as the one-year window for the Virtual Asset User Protection Act expires. Binance to Slash Gopax Stake to 10% Local media reported ongoing negotiations... source: https://beincrypto.com/binance-sheds-gopax-stake-amid-regulation-changes/