MegaZone Eyes Stake in Binance-Owned GoPax Amid Regulatory Conditions

MegaZone is reportedly considering acquiring a stake in Binance-owned cryptocurrency exchange GoPax. The timing and price are undetermined, and the acquisition hinges on government approval for the change of VASP (virtual asset service provider). MegaZone, a tech company, is considering the purchase as Binance faces pressure to transfer its 67.45% stake in GoPax to domestic capital. While Binance is willing to sell, MegaZone’s acquisition depends on government approval. Negotiations are in the early stages. A senior MegaZone official said, “We are discussing the acquisition subject to government approval, but there is no specific process or timing.” A GoPax representative added, “I can’t confirm anything.”

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