The top crypto exchange platform Binance has recently announced getting a license for its project. The company’s new project is a mutual venture that has been initiated in collaboration with a famous energy firm operating in Thailand. The name of the joint venture is Gulf Binance. The respective platform is predicted to be released in the Thailand jurisdiction in the 4th quarter of this year.
Binance’s New Mutual Venture ‘Gulf Binance’ Gets Regulatory Approval in Thailand
As per the reports, the name of the crypto exchange’s latest collaborator’s name is Gulf which is categorized as the 3rd-biggest energy platform within the country. The crypto exchange published a blog post on its official web portal. The platform has already expanded its services across the globe by securing licenses in several jurisdictions. As mentioned by the company, it has remained successful in obtaining licenses for providing services related to digital assets.
As a result of this, Gulf Binance can operate in Thailand as a legitimate platform for crypto services. The platform added that the agency responsible for providing it with the respective license is the Securities and Exchange Commission (SEC) of Thailand. According to Binance, the latest project can move forward with the platform’s plans related to starting an exchange for digital assets as well as a crypto brokerage firm.
Project Targets Enhancing Growth and Innovation
In the words of the firm, the native regulatory guidelines will be followed by the respective platforms. The company asserted that the new project combines the comprehensive proficiency of Binance within the digital asset ecosystem as well as the knowledge of the Gulf about the native market in Thailand. The objectives of the collaboration between the two platforms include enhancement in innovation and growth.