Binance has completed its acquisition of South Korean cryptocurrency exchange Gopax. On Wednesday, South Korea's Financial Intelligence Analysis Service (FIAS) approved Gopax's application for a change in key management personnel, officially approving the transaction, which had been delayed for over two years.

It is understood that after Binance acquired a 67% majority stake in Gopax in February 2023, it submitted a related change application, but it has not been approved due to regulators' concerns about its anti-money laundering risks. Reports indicate that this approval may be influenced by Binance's recent resolution of compliance issues in the United States. This means that Binance will officially return to the Korean market after closing its local business in South Korea in 2021. (The Block)