In light of the current problems with regulators and tightening measures against the cryptocurrency industry, the largest cryptocurrency exchange in the world, Binance, announced a plan to sell its stake in the South Korean Gopax exchange, which is in the "early stages of discussion". This information is reported by DL News, referring to representatives of the trading platform.

According to information that appeared in the Korean media on January 30, Binance intends to reduce its stake in Gopax in the next two months, and these rumors have been confirmed. Representatives of the crypto exchange are currently in the process of negotiations, but they have not yet provided more detailed information about the deal.

One of the interlocutors of the publication stated: "Since this is still a preliminary negotiation, we cannot provide more details at the moment."

The sale of a controlling stake in Gopax is expected to help Binance resolve its issues with regulators.

The return to the South Korean market and new regulatory issues have become hot topics for Binance. The exchange acquired a controlling stake in Gopax in February 2023, as part of its return to the South Korean market. The previous lack of high activity and low trading volumes forced Binance to cease operations in South Korea in 2021.

At the time of the acquisition of Gopax, the exchange was experiencing difficulties, as it was one of the largest creditors of the bankrupt Genesis company, and the exact amount of the transaction remained unknown.

In June, the South Korean Financial Services Commission expressed the possibility of canceling the deal between Binance and Gopax, based on a lawsuit by the U.S. Securities and Exchange Commission (SEC), which accused Binance of money laundering and terrorist financing.

These discussions are taking place at a time when Asian regulators are tightening measures against the cryptocurrency industry. Earlier, Binance had already allowed large traders to store their funds in independent banks, and this decision raised doubts among industry experts who believe that after paying a multibillion-dollar fine to the American authorities, trust in the exchange fell significantly.