Close Menu
  • Crypto News
  • Markets
  • Bitcoin
  • Ethereum
  • XRP
  • Altcoins
  • Technology
  • More
    • Crypto Prices – Latest from BTC, ETH & XRP
    • NFT
    • DeFi

Subscribe to Updates

Get the latest crypto news and updates directly to your inbox.

Trending

Bitcoin Treasury Activity Explodes with 8,400 BTC Added in One Week

July 7, 2025

Vitalik Buterin proposes to cap gas usage per Ethereum transaction to boost zkVM compatibility, security

July 7, 2025

Ripple CTO Reveals How Many Bitcoins He Has Mined

July 6, 2025

100% Gas Burn, NFT Staking, and Interstellar Roadmap

July 6, 2025

Bulls vs. Bears: Institutions Pile Up BTC But Price Doesn’t go up, Why?

July 6, 2025
Facebook X (Twitter) Instagram
  • Advertise
en English
nl Nederlandsen Englishfr Françaisde Deutschit Italianoru Русскийes Españolzh-CN 简体中文hi हिन्दीja 日本語
Crypto Observer
  • Crypto News

    Bulls vs. Bears: Institutions Pile Up BTC But Price Doesn’t go up, Why?

    July 6, 2025

    Analysts Predict Rally Alongside Real-World Adoption

    July 6, 2025

    Ethereum Price to Hit $6K This Year? Analysts Make Bold Call

    July 6, 2025

    Ethereum Ready For Explosive Breakout, Analyst Says $5,791 Is The Minimum Target

    July 6, 2025

    Bitcoin Exchange Outflows Continue To Rise: Investor Confidence At An All-Time High?

    July 6, 2025
  • Markets
  • Bitcoin
  • Ethereum
  • XRP
  • Altcoins
  • Technology
  • More
    • Crypto Prices – Latest from BTC, ETH & XRP
    • NFT
    • DeFi
Facebook X (Twitter) Instagram
Crypto Observer
Home » Markets » How Will Binance’s Non-Compliance With US Laws Impact Gopax?
Markets

How Will Binance’s Non-Compliance With US Laws Impact Gopax?

Crypto Observer StaffBy Crypto Observer StaffNovember 27, 2023No Comments2 Mins Read
Facebook Twitter Pinterest Reddit Telegram Email LinkedIn Tumblr
Share
Facebook Twitter LinkedIn Pinterest Email

According to the latest reports, the South Korean crypto exchange Gopax has been adversely impacted by the recent revelations of Binance’s non-compliance with the anti-money laundering rules.

Gopax finds itself caught in a crisis following Binance’s regulatory struggles and its final decision to completely withdraw from the U.S. crypto market. There are speculations that there will be restrictions for Gopax to enter the domestic market.

Earlier this year, Binance, in an attempt to re-enter the South Korean crypto market, acquired a majority stake in Gopax. Binance’s acquisition bid has been under scrutiny by the Financial Services Commission (FSC) of South Korea, considering the U.S. Securities and Exchange Commission’s (SEC) lawsuit against the exchange. While the business change report submitted by the exchange was delayed, a South Korean journalist, Hong Hong-young, suspected even the cancellation of the bid.

Following the recent incidents that unfolded Binance’s security breaches, analyst Jeong Hye-won commented on its possible impacts on Gopax. Elaborating on the cause of the delayed acceptance of business change, the analyst cited:

If it is due to the judicial risk, that was a cause for concern about Binance’s expansion into the domestic market. It can be understood as a green light, but if there are concerns about the inflow of Binance capital into the country, the impact of this incident will be small.

Korbit Research Centre Head Jeong Seok-moon stated, “With Binance CEO Changpeng Zhao resigning, I think another justification (problem of major shareholder eligibility) has been created for the domestic financial authorities to not approve Gopax.”

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Read the full article here

Exchange
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin, Dogecoin, XRP Rise as Bessent Hints at Trade Deals Before Liberation Day Tariff Deadline

July 6, 2025

The Altcoin That Earned the Most Decentralized Application Revenue in the Last Three Months Has Been Revealed – It Made a Big Difference

July 6, 2025

The Watch List for the New Week’s Macroeconomic Outlook Has Been Published

July 6, 2025

US Dollar May Weaken as Stablecoin Regulations Reshape Global Finance

July 6, 2025
Add A Comment

Leave A Reply Cancel Reply

Subscribe to Updates

Get the latest crypto news and updates directly to your inbox.

Top Posts

Bitcoin Treasury Activity Explodes with 8,400 BTC Added in One Week

July 7, 2025

Vitalik Buterin proposes to cap gas usage per Ethereum transaction to boost zkVM compatibility, security

July 7, 2025

Ripple CTO Reveals How Many Bitcoins He Has Mined

July 6, 2025
Advertisement
Demo

Crypto Observer is your one-stop website for the latest crypto news and updates, follow us now to get the news that matters to you.

Facebook X (Twitter) Instagram
Crypto News

Analysts Predict Rally Alongside Real-World Adoption

July 6, 2025

Ethereum Price to Hit $6K This Year? Analysts Make Bold Call

July 6, 2025

Ethereum Ready For Explosive Breakout, Analyst Says $5,791 Is The Minimum Target

July 6, 2025
Get Informed

Subscribe to Updates

Get the latest crypto news and updates directly to your inbox.

Facebook X (Twitter)
  • Privacy Policy
  • Terms of use
  • Advertise with us | Publishing
  • Contact us
  • Crypto News – Press release
  • Newsletter sign up
  • Markets
  • Altcoins
  • Bitcoin
  • Crypto News
  • DeFi
  • Ethereum
  • Technology
  • Blockchain
  • AI
  • NFT
  • Thanks for joining us
© 2025 Crypto Observer. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.