megazone

ChainCatcher news, according to South Korean media Bloter, due to the rise in Bitcoin prices, Streami, the parent company of the South Korean cryptocurrency exchange Gopax, has encountered obstacles in the process of selling to Megazone.Megazone revealed that it is still negotiating the acquisition of the cryptocurrency exchange GoPax (Streami). "Our official position is that there is currently no conclusion regarding the cancellation of the acquisition of GoPax."It is reported that Binance has been in talks with MegaZone to sell 57.46% of GoPax shares (excluding its 10% stake) for re-registration, but has been hindered by the unclear scale of GoPax's debts. The debts are collateralized by Bitcoin prices, and the continuous rise in Bitcoin prices has increased the scale of the debts.

ChainCatcher news, according to IT Chosun, Binance is in last-minute negotiations with Megazone's parent company, Megazone, to sell its stake in the South Korean cryptocurrency exchange Gopax operator Streami, reducing its stake in Streami from 72.6% to 10%. Sources familiar with the matter indicate that Binance is seeking to sell its stake to improve the governance structure required by financial authorities before renewing the real-name account contract with Jeonbuk Bank in August. This transaction is expected to be completed by the end of this month.Binance acquired a 72.26% stake in Gopax in February last year. Later, in March of the same year, Binance reported a change in its largest shareholder, but South Korean financial authorities have not decided whether to accept Binance's statement in the past year and three months.An official from Megazone explained, "We are discussing various forms of cooperation, including the acquisition of shares, provided that government approval is obtained, but there is no specific decision on future processes or timelines."