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Binance is launching a new crypto exchange in Thailand with the support of a Thai public company, Gulf Energy Development. Binance established this partnership with Gulf Energy after the SEC of Thailand filed a complaint against the company for operating without a license.
Binance is one of the largest crypto exchanges providing crypto-related services in more than 140 countries around the world. The current CEO of the firm has promised to make the platform legal around the globe. The firm is trying very hard to follow the regulations of the countries. Securities and Exchange Commission (SEC) of Thailand filed a case against Binance stating that the firm is operating without a license.
Binance is launching a new crypto exchange in Thailand:
Binance is launching a new crypto exchange in Thailand with the support of Gulf Energy Development. Gulf Energy has informed the Stock Exchange of Thailand (SET) that their firm has entered into a memorandum of understanding with Binance. Both the firms will find possible avenues for the developments of digital assets exchange and related business in Thailand. Gulf Energy further detailed:
As such, the company’s partnership with Binance will help Thailand advance its development of digital assets and blockchain infrastructure.
Gulf energy has explained that they foresee rapid growth in digital infrastructure in Thailand. Binance is launching a new crypto exchange despite a pending lawsuit in the Economic Crime Suppression Division of the Royal Thai Police (ECD).
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