Binance Thailand Cryptocurrency Exchange Now Open for Trading

Binance, in collaboration with Gulf Innova, a subsidiary of Gulf Energy Development, has officially launched its joint venture cryptocurrency exchange, Binance Thailand, for public trading.

Nirun Fuwattananukul, CEO of Gulf Binance, expressed gratitude, stating, "We are deeply humbled to finally announce the launch of our local platform to the general public in Thailand. Over the past year, we have been working closely with Thai regulators, putting substantial effort into detailed planning."

Binance Thailand (Binance TH) provides digital asset exchange services, offering trading pairs with the Thai baht. The platform is integrated with local banks in Thailand and has partnered with Binance Kazakhstan for brokerage services, all under the regulatory supervision of Thailand’s SEC, as outlined in the company's official release.

Richard Teng, CEO of Binance, emphasized the commitment to security, transparency, and service quality with the full operation of Binance TH. He stated, “Blockchain technology and digital assets carry the power to bring about financial inclusion. This is a strategic step forward, setting the stage for Thailand’s impending role as a key player in the global digital finance landscape.”

#binance #thailand #breaking $BNB

#Binance has received the first license in Southeast Asia - in 🇹🇭 Thailand.

Sawasdee Thailand! 🇹🇭

Our joint venture, Gulf Binance, has now been granted digital asset operator licenses by Thailand's Ministry of Finance.

This opens up access to digital assets for even more people, building on our dedication to bring crypto and Web3 to the world.

#amansaiofficial #thailand

Thailand Has Removed The Cryptocurrency Investment Tax.🔥
According to a statement made by Finance Minister Arkhom Termpittayapaisith, the Thai cabinet has granted tax exemptions for crypto businesses that provide investment tokens in the nation.
#thailand #cryptoregulation #BTC

🇹🇭 SEC of Thailand wants public feedback on crypto lending, staking ban

#BTC #thailand #crypto2023
#news #buildtogether

Cardano Expands To Thailand Via Partnership With Thailand's Largest Crypto Exchange Emurgo.

#ada #cardano #crypto #thailand #dyor

Thailand has mandated a trading risk disclaimer that must be clearly visible to the customers.

Regulators globally are taking such steps to avoid a situation similar to the FTX collapse.

Thailand has announced a ban on crypto exchanges in the country from providing lending services. The Thai regulator – Securities and Exchange Commission (SEC) – made the announcement on 3 July.

The ban applies to all the “depository services that offer returns to depositors and lenders.” Therefore, it expressly restricts crypto exchanges from offering both lending and staking services.

#thailand #SEC #staking #ban #cryptoonindia

Former Zipmex Thailand CEO Akarlap Yimwilai faces serious accusations of fraud and deception from the Thai SEC.

He's suspected of illegally transferring customer funds overseas before informing users about changes in terms, violating regulations and potentially constituting fraud.

An SEC investigation uncovered discrepancies between reported and actual funds, leading to accusations of false statements and fraudulent activities. This resulted in a swift shutdown of Zipmex Thailand's trading and app, leaving users in limbo.

While legal action is recommended against Yimwilai, the SEC emphasizes due process. This case highlights the regulatory scrutiny faced by crypto exchanges and the importance of transparency and compliance.

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#crypto #cryptocurrency #cryptonews #thailand #zipmex

Vietnam is the second largest cryptocurrency holder in ASEA after Thailand, with over 16.6 million cryptocurrency holders.

#vietnam #thailand #BTC #crypto2023 #Binance