The World's Largest Binance Exchange Is Gearing Up to Open a Legal Currency Exchange in South Korea

Multiple sources said the world's largest virtual currency exchange is proceeding with a plan to set up a legal currency-based exchange in South Korea.

Although no official announcement has been made from the Binance, the CEO Changpeng Zhao says he is "going on with his local partner, although he is not in a stage to say clearly whether he will enter Korea."

Meanwhile, it's still unclear, a spokesman for Binance said, "the story is not true at this point." However, the possibility seems to be high, given that the agency is recruiting people who are familiar with regulations such as issuing advertisements exclusively for compulsions or collecting personal identification KYC, AML money laundering, and providing terrorist funds.

Meanwhile, Binance is aggressively focusing on expanding its market with its global expansion policy, such as preparing for the establishment of the U.S. court currency exchange. With the second anniversary of its establishment on July 14th, attention is focused on whether Korea will be next in line with the current British pound GBP and Euro EUR offering "Binance Stop." Africa's Uganda-based legal currency UGX, and Singapore's legal currency "Binance Singapore" were announced on July 10th.

Reporter Gina Lee (news@dailycoinews.com)의 기사 더 보기

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