The company noted that its partnership with Binance will create more room for it to explore the digital asset industry and expand the scope of its investments.
“The company believes that this multi-level cooperation with Binance, which is the global leader in blockchain infrastructure technology, is aligned with the company’s target to be the leader in digital infrastructure while providing further opportunities for the company to expand into other digital asset-related initiatives in the future,” Gulf Energy said in the filing.between Binance and Gulf Energy dates back to January 2022.
Gulf Energy pointed out that its joint venture with Binance will push for a license from the country’s financial regulator to run its crypto exchange, in addition to other licenses with the relevant agencies. Binance has been attempting to establish itself in the Thai digital asset market, but its efforts have been limited due to stringent regulatory requirements imposed by the country’s financial regulators.
The exchange previously had issues with Thailand’s Securities and Exchange Commission after the regulator filed a