Gulf Binance, a joint venture between Binance and Gulf Innova Co., has been granted digital asset operator licenses by the Thailand Ministry of Finance through the Securities and Exchange Commission. The licenses allow Gulf Binance to operate as a digital asset exchange and digital asset broker in Thailand, with plans to launch in the fourth quarter of 2023.
Facts
- Gulf Binance, a joint venture between Binance and Gulf Innova Co., has obtained digital asset operator licenses from the Thailand Ministry of Finance through the Securities and Exchange Commission.
- The licenses enable Gulf Binance to function as a digital asset exchange and digital asset broker in Thailand.
- Gulf Binance is scheduled to launch in Thailand in the fourth quarter of 2023.
- The joint venture between Binance and Gulf aims to leverage Binance’s expertise in the digital asset space and Gulf’s established presence in Thailand to drive innovation and deliver value to Thai users.
- Gulf Binance has been working closely with regulators to ensure compliance and operate within the regulatory framework.
- The granted licenses demonstrate Gulf Binance’s commitment to being a compliant-first exchange.
- Gulf Binance aims to provide Thai users with a trusted and regulated service prioritizing user security and compliance with local regulations.
