Overview
- SB Seker said several licensing applications are close to completion, with other markets in active talks with local regulators.
- Binance holds approvals in Australia, India, Indonesia, Japan, New Zealand and Thailand, with South Korea expected once the Gopax acquisition completes.
- U.S. media reports alleging roughly $1.7 billion flowed to Iranian-linked entities have triggered a formal inquiry by Senator Richard Blumenthal.
- Binance rejects the allegations as unsubstantiated and points to stricter KYC controls, a compliance team of about 1,500 growing roughly 30% annually, and a stated cut of direct exposure to sanctioned markets by more than 97%.
- APAC’s scale underpins the strategy, with a 2025 estimate of about 535 million adults in the region holding or using digital assets.