Four years on, Binance is back in South Korea! Plus, Morgan Stanley and Japan’s largest bank have a new digital asset division. Asia Express. Binance is returning to South Korea nearly five years after exiting the market in December 2020, following the Financial Intelligence Units (FIU) approval of its acquisition of Gopax one of only five local exchanges authorized to provide crypto-to-fiat services. According to a Maeil Business Newspaper exclusive, the FIU granted final approval on Wednesday, ending more than two years of uncertainty over Binances reentry. The exchange acquired a majority stake in Gopax in 2023, but the deal stalled amid regulatory scrutiny and Binances legal troubles in the US. The return of the worlds largest cryptocurrency exchange could shake up South Koreas long-standing duopoly of Upbit and Bithumb. Under the countrys crypto regulations, exchanges must partner with a domestic bank to offer real-name verified accounts. Though the system is designed to strengthen Anti-Money Laundering ...
Four years on, Binance is back in South Korea! Plus, Morgan Stanley and Japan’s largest bank have a new digital asset division. Asia Express. Binance is returning to South Korea nearly five years after exiting the market in December 2020, following the Financial Intelligence Units (FIU) approval of its acquisition of Gopax one of only five local exchanges authorized to provide crypto-to-fiat services. According to a Maeil Business Newspaper exclusive, the FIU granted final approval on Wednesday, ending more than two years of uncertainty over Binances reentry. The exchange acquired a majority stake in Gopax in 2023, but the deal stalled amid regulatory scrutiny and Binances legal troubles in the US. The return of the worlds largest cryptocurrency exchange could shake up South Koreas long-standing duopoly of Upbit and Bithumb. Under the countrys crypto regulations, exchanges must partner with a domestic bank to offer real-name verified accounts. Though the system is designed to strengthen Anti-Money Laundering ...
Four years on, Binance is back in South Korea! Plus, Morgan Stanley and Japan’s largest bank have a new digital asset division. Asia Express. Binance is returning to South Korea nearly five years after exiting the market in December 2020, following the Financial Intelligence Units (FIU) approval of its acquisition of Gopax one of only five local exchanges authorized to provide crypto-to-fiat services. According to a Maeil Business Newspaper exclusive, the FIU granted final approval on Wednesday, ending more than two years of uncertainty over Binances reentry. The exchange acquired a majority stake in Gopax in 2023, but the deal stalled amid regulatory scrutiny and Binances legal troubles in the US. The return of the worlds largest cryptocurrency exchange could shake up South Koreas long-standing duopoly of Upbit and Bithumb. Under the countrys crypto regulations, exchanges must partner with a domestic bank to offer real-name verified accounts. Though the system is designed to strengthen Anti-Money Laundering ...
Four years on, Binance is back in South Korea! Plus, Morgan Stanley and Japan’s largest bank have a new digital asset division. Asia Express. Binance is returning to South Korea nearly five years after exiting the market in December 2020, following the Financial Intelligence Units (FIU) approval of its acquisition of Gopax one of only five local exchanges authorized to provide crypto-to-fiat services. According to a Maeil Business Newspaper exclusive, the FIU granted final approval on Wednesday, ending more than two years of uncertainty over Binances reentry. The exchange acquired a majority stake in Gopax in 2023, but the deal stalled amid regulatory scrutiny and Binances legal troubles in the US. The return of the worlds largest cryptocurrency exchange could shake up South Koreas long-standing duopoly of Upbit and Bithumb. Under the countrys crypto regulations, exchanges must partner with a domestic bank to offer real-name verified accounts. Though the system is designed to strengthen Anti-Money Laundering ...
Four years on, Binance is back in South Korea! Plus, Morgan Stanley and Japan’s largest bank have a new digital asset division. Asia Express. Binance is returning to South Korea nearly five years after exiting the market in December 2020, following the Financial Intelligence Units (FIU) approval of its acquisition of Gopax one of only five local exchanges authorized to provide crypto-to-fiat services. According to a Maeil Business Newspaper exclusive, the FIU granted final approval on Wednesday, ending more than two years of uncertainty over Binances reentry. The exchange acquired a majority stake in Gopax in 2023, but the deal stalled amid regulatory scrutiny and Binances legal troubles in the US. The return of the worlds largest cryptocurrency exchange could shake up South Koreas long-standing duopoly of Upbit and Bithumb. Under the countrys crypto regulations, exchanges must partner with a domestic bank to offer real-name verified accounts. Though the system is designed to strengthen Anti-Money Laundering ...
Coinbase added a Binance token to a list of planned additions to the exchange amid an online discourse that included one of its own employees and other industry leaders. Cryptocurrency exchange Coinbase has added Binance’s BNB token to its roadmap for listings amid a series of online exchanges discussing the process. On Tuesday, Limitless Labs CEO CJ Hetherington posted to X, contrasting what he claimed were the requirements for a token to be listed on Binance rather than Coinbase. According to the CEO, Binance’s requirements included a security deposit of 2 million BNB (BNB) for a spot listing, while Coinbase’s were limited to “build[ing] something meaningful on Base.” The online exchange sparked debate, which only seemed to intensify when Coinbase’s head of Base, Jesse Pollak, chimed in to say “it should cost 0% to be listed on an exchange.” Read more
The partnership marks Dubai’s latest step toward regulating the “machine economy,” blending onchain robotics, AI and tokenized real-world assets. Decentralized physical infrastructure (DePIN) protocol peaq has signed a memorandum of understanding with Dubai’s Virtual Assets Regulatory Authority (VARA) to develop a regulatory framework for onchain robotics and tokenized machines. According to a Thursday press release, the memorandum centers on peaq’s Machine Economy Free Zone, with additional areas of collaboration including guidance for projects seeking VARA licenses, joint training initiatives in technology and compliance, and data sharing to support research and regulation. Launched in July, the Machine Economy Free Zone is a controlled environment to test how robotics and AI can function within decentralized networks. Read more
Bitcoin’s repeat drop to $107,600 reflects broader market caution as miner outflows and macroeconomic pressures mount, but analysts still believe dips are for buying. Key takeaways: Rising demand for put options and miner BTC deposits highlights growing caution among traders despite price resilience near $108,000. Analysts at Bitwise argue that deep drops in market sentiment often precede rebounds, framing the correction as a “contrarian buying window”. Read more
The stablecoin issuer confirmed reports that it would nominate members to the football club’s board of directors about eight months after its initial investment. About two weeks after reports suggested that stablecoin issuer Tether would be pitching its own names to fill the board for Italian football club Juventus, the company announced two picks: its own deputy chief investment officer and a medical doctor. In a Thursday notice, Tether said it had nominated its deputy CIO, Zachary Lyons, and an orthodontist and “lifelong Juventus supporter,” Francesco Garino, to the football club’s board of directors. The stablecoin company holds a 10.7% stake in Juventus after investments in February and April. “Since announcing our investment in the Club, Tether has listened carefully to the voices of fans from Italy and across the whole world, receiving invaluable suggestions, feedback, and calls for deeper engagement,” Tether said in the announcement. Read more