Binance today announced its joint venture with Gulf Innova Co., Ltd. has received digital asset operator licenses from the Ministry of Finance of Thailand, opening the way for the launch of a crypto exchange and broker.
Crypto operators are overseen by Thailand’s Securities and Exchange Commission (SEC), meaning the new platform will be regulatory compliant, said Binance.
The new platform is expected to open in Q4 2023, with more details to be revealed closer to the launch, Binance said.
“We are grateful and honored to be granted digital asset operator licenses for Gulf Binance in Thailand—a country with a thriving crypto space that has demonstrated strong commitment in embracing blockchain technology,” said Binance’s head of Asia, Europe, and MENA Richard Teng in a statement.
Sawasdee Thailand! 🇹🇭
Our joint venture, Gulf Binance, has now been granted digital asset…
