South Korean authorities have been steadily increasing their oversight of cryptocurrency companies over the past few years. In the coming months, the country’s government plans to adjust legislation to improve the effectiveness of oversight policies.
Binance is considering options to return to the South Korean market, despite Seoul’s hardening of its course toward the industry.
Blockchain journalist Colin Wu found out that the world’s largest cryptocurrency exchange will buy the platform Gopax, one of the top five trading platforms in the country. In addition to Gopax, it includes exchanges Upbit, Bitsum, Coinone and Corbit.