Golden Finance reported that Binance is in last-minute negotiations with Megazone Cloud's parent company Megazone to sell its stake in Streami, the operator of the Korean crypto exchange Gopax, to reduce its 72.6% stake in Streami to 10%. People familiar with the matter said that Binance is seeking to sell its shares to improve the governance structure required by the financial authorities to fix the change report before renewing the real-name account contract with Jeonbuk Bank in August, and the deal will be completed by the end of this month. Binance acquired 72.26% of Gopax in February last year. Later, in March of the same year, Binance reported the change of its largest shareholder, but the Korean financial authorities have not decided whether to accept Binance's statement for the past year and three months. People familiar with the matter said that the Financial Services Commission (FSC) of South Korea has asked Binance to replace its largest shareholder and reduce its shareholding to less than 10% to fix the change report. Therefore, Binance notified the authorities in March this year that it would reduce its stake in Gopax and reform its governance structure.
