OKX dey talk for stake for Coinone as South Korea AML scrutiny dey intensify

OKX dey reportedly dey discuss to buy about 20% stake for South Korea crypto exchange Coinone, join body with Korea Investment & Securities, as competition for won-denominated trading dey hot. Yonhap talk say plan go mainly use Coinone to issue new shares instead of transfer existing holdings. That structure dey meant to bring fresh capital and still keep management control mostly unchanged. For traders, Coinone na one of key places for won trading for South Korea. But background na tighter compliance: on April 13 Coinone get fined about $3.5 million and dem order three-month partial suspension for serious AML failures, including weak customer verification and transactions wey involve unregistered overseas exchanges. Potential OKX move fit boost sentiment around liquidity and participation, but e still put spotlight for near-term regulatory execution risk. OKX decline to comment, and Korea Investment & Securities no respond. The deal talk also follow earlier interest from Coinbase (no announced transaction). Domestically, companies dey move quick too: Mirae Asset Consulting agree to buy 92.06% stake in Korbit, while Hana Financial Group plan to invest about 1.003 trillion won for 6.55% stake in Dunamu (Upbit operator).