Thailand Gulf Energy Development Sets Up A Crypto Exchange With Binance
The world’s largest cryptocurrency Binance is setting up a cryptocurrency exchange in partnership with Thailand’s Gulf Energy Development.
A publicly traded holding firm, Gulf Energy Development, formally informed the Thai Stock Exchange on Monday of the plans where its subsidiary Gulf Innova is considered to start a digital asset exchange with Binance.
The company predicts “rapid growth in digital infrastructure” in Thailand with cryptocurrency to play a “prominent role” with the Thai population.
As reported by Reuters, Binance commented:
“Our goal is to work with government, regulators and innovative companies to develop the crypto and blockchain ecosystem in Thailand.”
Last year Binance received a warning from the Thai regulator for not being authorized to offer its services. The Thai Securities and Exchange Commission (SEC) filed a complaint claiming Binance was operating an unlicensed business in the country.
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Source: igaming
