“The company’s partnership with Binance will help Thailand advance its development of digital assets and blockchain infrastructure.” crypto bitcoin cryptocurrency
Binance to Launch New Cryptocurrency Exchange in Thailand After Thai SEC Filed Criminal Complaint
Crypto exchange Binance is launching a new exchange in Thailand after the country’s Securities and Exchange Commission filed a complaint against the company for operating without a license. Binance has now signed an agreement with Gulf Energy Development, a Thai public company, to establish a crypto exchange in Thailand.
The company added that it “foresees rapid growth in digital infrastructure in Thailand as the economy increasingly becomes driven by innovation and technology, with digital assets and related technology playing a prominent role in improving efficiency of financial infrastructure in the country to meet the increasing demand of Thai people.”As such, the company’s partnership with Binance will help Thailand advance its development of digital assets and blockchain infrastructure.
According to the SEC, Binance operated a crypto exchange business without a license, therefore the company is “liable to criminal sanction.”
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Binance to Establish a Crypto Exchange in Thailand (Report)Binance teamed up with the Thai billionaire Sarath Ratanavadi to set up a cryptocurrency venture in Thailand.
Read more »
Binance eyes Thailand for latest crypto exchange expansionThailand crypto users rejoice! Binance has locked in an agreement as Thai government officials expedite crypto regulations which could pave the way for the firm to open a branch in the Kingdom.
Read more »
Binance partners with Thai billionaire for crypto exchange in the countryBinance has partnered with Gulf Innova — a subsidiary of Thai billionaire Sarath Ratanavadi's Gulf Energy — to set up a crypto exchange.
Read more »
Business Advisory Firm Expects Criminal Cryptocurrency Transactions to Fall by 30% by 2024 – Security Bitcoin NewsIt is easier to integrate anti-blockchain-fraud systems with the 23 blockchains than with thousands of enterprise systems and payment networks. blockchain ransomware
Read more »
A Beginner's Guide to Binance Lite | Binance AcademyBinance Lite is a simplified version of the Binance App. It aims to make buying and selling cryptocurrencies easier for those that are new to crypto trading.
Read more »
Bitcoin’s Hashrate Rises to All Time HighBitcoin’s hashrate has risen to a new all time high on Thursday, crossing 216 exahashes a second (Ex/s) as pictured above, up from its previous all time high of 207...
Read more »