Gulf Binance Takes Big Step Forward with Thai License and Plans for Digital Exchange Launch

Gulf Binance has obtained digital asset operator licenses from Thailand’s Ministry of Finance. This collaboration between crypto giant Binance and Gulf is set to launch a digital asset exchange in Thailand by the fourth quarter of 2023. By combining Binance’s digital asset expertise with Gulf’s understanding of the local market, Gulf Binance aims to revolutionize the landscape and offer maximum value to users. Gulf Binance will operate under the close supervision of the country’s Securities and Exchange Commission to ensure full compliance with local regulations and instill a sense of confidence and trust among users. As Thailand’s digital asset ecosystem undergoes transformation, Gulf Binance positions itself as a leading player, committed to delivering inclusive services that cater to diverse user needs and promises to bring forth a new era of accessibility and innovation that shapes the future of the Thai digital asset landscape. Binance’s Head of Asia, Europe, and MENA, expressed gratitude for being granted the digital asset operator licenses for Gulf Binance in Thailand, highlighting Thailand’s commitment to embracing blockchain technology and the potential it holds for the crypto space. Binance, however, faces regulatory concerns, this article does not provide any further context but these concerns have been covered in other publications.

J-S Tremblay
About the author - J-S Tremblay

I've been involved in the cryptocurrency world since 2016 and trading since 2019. I started Moon and Lambo in 2021. I'm passionate about crypto and love to share my knowledge. I hate bankers and I hope that cryptocurrency will change the financial world for the better. View full profile...

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