Bitcoin

The Financial Services Commission (FSC) rejects Gopax’s executive change report and raises concerns over the acquisition requests due to allegations of securities laws violationsThe SEC’s lawsuit against <a href="https://accounts.binance.info/en/register?ref&#61;36081348" rel="noopener noreferrer nofollow">Binance</a> poses potential risks to the crypto exchange’s business prospects in South Korea.According to a report in a South Korean daily, the Financial Service Committee (FSC) is currently reviewing <a href="https://accounts.binance.info/en/register?ref&#61;36081348" rel="noopener noreferrer nofollow">Binance’s</a> acquisition of Gopax, a local crypto trading platform. <a href="https://accounts.binance.info/en/register?ref&#61;36081348" rel="noopener noreferrer nofollow">Binance</a> acquired a majority stake in Gopax earlier this year with the aim of re-entering the South Korean crypto market after a two-year absence.Reportedly, the Financial Service Committee (FSC) has suspended <a href="https://www.gopax.com/" rel="noopener noreferrer nofollow">Gopax’s</a> executive change report filed on March 7 due to the impact of the recent SEC lawsuit against Binance. The report included the nomination of three Binance members, including Leon Singh Poong, CEO of <a href="https://accounts.binance.info/en/register?ref&#61;36081348" rel="noopener noreferrer nofollow">Binance</a> Asia Pacific, as inside directors of <a href="https://www.gopax.com/" rel="noopener noreferrer nofollow">Gopax</a>. <a href="https://cryptosheadlines.com/sec-lawsuit-delays-gopax-acquisition-deal-in-south-korea/" rel="noopener noreferrer nofollow">Read More...</a>Follow Cryptos Headlines On <a href="https://news.google.com/publications/CAAqBwgKMLz3-wowvuzoAg" rel="noopener noreferrer nofollow">Google News:</a>Join Cryptos Headlines Community: <a href="https://linktr.ee/cryptosheadlines.com" rel="noopener noreferrer nofollow">https://linktr.ee/cryptosheadlines.com</a>

SEC Lawsuit Delays Gopax Acquisition Deal in South Korea

cmcdelete@edb8d1ee4ec9a85c04690131b307c085

Other articles published on Jun 7, 2023

Binance CEO counters: Changpeng Zhao speaks out on SEC lawsuit

Early Access 0.12 patch notes

Top 3 Polygon Coins for 2023

Solana price prediction, DeFi exchange, Tradecurve, gearing up for a rally

Attack against Binance and CZ: SEC also targets ADA

ARKScan Updates - Navbar, Search, Top Accounts and New Pages

Join our free newsletter for daily crypto updates!