🚀 Exciting News from Binance! 🌐

Get ready for a crypto revolution in Thailand as Binance gears up to launch its crypto exchange, Gulf Binance, in early 2024! 🌟 Partnering with local energy giant Gulf Energy Development, this venture promises to redefine the crypto landscape in the Land of Smiles.

Initially an exclusive invitation-only exchange, Gulf Binance plans to dazzle the public with its official debut in early 2024, having secured approval from the Securities and Exchange Commission on November 10. A Binance spokesperson confirmed to Cointelegraph that the platform would provide more details as soon as they become available.

Gulf Binance, holding a digital asset operator license since May 26, is set to operate under Thailand's SEC regulations. With Binance's expansion into Thailand scheduled for Q4 2023, Richard Teng, Binance's regional head for Asia, Europe, and MENA, emphasized the synergy with Gulf's established local presence. Gulf Binance aims to showcase the potential of blockchain technology to local users.

Fueling this crypto venture is Gulf Energy, one of Thailand's largest natural gas distribution companies, led by billionaire Sarath Ratanavadi. Actively investing in diverse business verticals, including renewable energy and digital infrastructure, Gulf Energy previously invested in Binance's U.S.-based branch, Binance.US, in April 2022.

In a recent collaboration, Binance assisted the Royal Thai Police in seizing $277 million from fraudsters, reinforcing their commitment to combating financial crime globally. Tigran Gambaryan, Binance's Head of Financial Crime Compliance, highlighted the company's dedication to partnering with authorities worldwide to restore trust in the digital asset ecosystem.

Stay tuned for more updates on this thrilling crypto journey! 🚀🔗 #BinanceThailand #CryptoRevolution #GulfBinanceLaunch