Gulf Binance, a joint venture between Binance and Gulf Innova, has obtained licenses from Thailand’s Ministry of Finance to become a digital asset operator regulated by the country’s SEC.
The partnership aims to launch a digital asset exchange and broker in Thailand by Q4 2023.
“Local users can expect access to a trusted and regulated service that prioritizes user security alongside compliance with local regulations,” said Richard Teng, head of Asia, Europe, and MENA at Binance, in a statement.
The two entities first reached agreement about a joint venture in 2022.
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Source: https://www.theblock.co/post/232330/binance-gulf-thailand?utm_source=rss&utm_medium=rss
