A representation of cryptocurrency Binance is seen in this illustration taken August 6, 2021. REUTERS/Dado Ruvic/Illustration
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Gulf Energy expects to form JV with Binance in Q2
Expects JV to take six months to obtain digital asset license
Plans 20MW-40MW data centres with Singtel and AIS
BANGKOK, Feb 4 (Reuters) – Thai power producer Gulf Energy Development Pcl (GULF.BK) expects to finalise a joint venture (JV) with the world’s biggest cryptocurrency exchange, Binance, in the second quarter this year, a senior executive told Reuters in an interview.
“Once we conclude talks with Binance on business model and shareholder agreements, a JV will be formed, which will apply for the license with regulators,” Gulf chief financial officer Yupapin Wangviwat said.
She expects the JV to take about six months to obtain the license for trading…
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