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MegaZone Eyes Stake in Binance-Owned GoPax Amid Regulatory Conditions

MegaZone is considering acquiring a stake in the Binance-owned cryptocurrency exchange GoPax. The timing and price of the acquisition are undetermined, and it depends on government approval for the change of Virtual Asset Service Provider (VASP). Currently, Binance holds a 67.45% stake in GoPax, but due to financial authorities’ demands for domestic ownership, Binance is willing to sell its stake. Negotiations are in the early stages, and MegaZone has stated that they will only proceed if the government approves the change. A senior MegaZone official confirmed the ongoing discussions but mentioned no specific timeline. A GoPax representative declined to confirm any details.

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