Binance to Launch New Cryptocurrency Exchange in Thailand After Thai SEC Filed Criminal Complaint – Bitcoin News

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“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.”

 

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