Coin

<ul class="news-points"> 
 <li>Binance’s stake reduction in Gopax aims to meet South Korean regulatory demands, crucial for renewing banking partnerships.</li> 
 <li>Megazone’s potential acquisition of Binance’s stake in Streami signals strategic shifts in South Korea’s crypto market.</li> 
 <li>Regulatory pressures prompt Binance to reconsider governance and ownership structures at Gopax.</li> 
</ul> 
Binance is in advanced talks to substantially <a href="https://coinedition.com/how-will-binances-non-compliance-with-us-laws-impact-gopax/">reduce its stake in</a> Streami, the parent company of South Korea’s Gopax exchange. 
According to reports from <a href="https://it-chosun-com.translate.goog/news/articleView.html?idxno=2023092119278&amp;_x_tr_sl=ko&amp;_x_tr_tl=en&amp;_x_tr_hl=en&amp;_x_tr_pto=sc" target="_blank" rel="nofollow">IT Chosun</a>, Binance currently owns 72.6% stake in Streami but plans to cut this ownership to just 10% through a prospective deal with Megazone, a firm specializing in infrastructure software solutions. 
This move by Binance reflects a strategic effort to comply with regulatory demands and enhance governance, particularly in response to requirements from financial authorities in South Korea. 
These changes are crucial as Binance seeks to renew its real-name account contract with Jeonbuk Bank, scheduled for August. In South Korea, obtaining real-name accounts from a local bank is essential for cryptocurrency exchanges to legally offer fiat-to-crypto trading services. 
Sour…
The post <a href="https://coinedition.com/binance-explores-deal-with-megazone-to-divest-gopax-stake/">Binance Explores Deal with Megazone to Divest Gopax Stake</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Binance Explores Deal with Megazone to Divest Gopax Stake

Coin Edition

发布于 2024年7月11日的其他文章

SKALE Pacifica V3 Upgrade: Increases Transaction Throughput by 122% and Accelerates Block Mining ...

Shiba Inu Insider's Crucial Tweet Sparks SHIB Community Buzz

Key Reasons Behind Bitcoin (BTC) Price Spike

Ethereum Gaining Strength Against Bitcoin: The Biggest AltSeason Since 2017 Could Be on the Horizon

BTC Price Momentum: BTC Price Faces Resistance as Sellers Attempt to Cap BTC Below $60K

Ethereum ETFs Divide Analysts: 'Supply Shock Brewing' Or 'Zero Hype'?

订阅我们免费的电子期刊，获取每日最新加密领域动态！