Million

Force

<div class="insidebitcoins">
 Binance is partnering with Gulf Energy Development to launch a crypto exchange in Thailand early next year.&nbsp;
 The formal approval from Thailand’s Securities and Exchange Commission to commence operations came on November 10, according to a filing with the Stock Exchange of Thailand.&nbsp;
 Gulf Energy, which owns 51% of Gulf Binance Co., is owned by Thai billionaire Sarath Ratanavadi, the country’s second richest person with a net worth of about $10.6 billion, according to the Bloomberg Billionaires Index.
 It plans to commence operations as an invitation-only exchange in January before a wider opening to other investors later.
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Gulf Energy and Binance partnership to showcase Thai Blockchain potential
 Regulatory approval secured for Gulf Binance in Thailand.https://t.co/qfLzlcjdks
 — CZ 🔶 Binance (@cz_binance) November 16, 2023
 </blockquote>
 
 <h2 id="span-style-font-weight-400-binance-regulatory-woes-span">Binance Regulatory Woes</h2>
 The world’s biggest crypto exchange has faced an almost perfect storm this year. The SEC filed a lawsuit against it in June, alleging that it violated securities laws, while in March, the US Commodity Futures Trading Commission charged the exchange and CEO Changpeng Zhao with ”willful evasion of federal law.” 
 Court filings unsealed since have accused Binance.US of not cooperating with the SEC’s investigation. Binance.US cut its workforce by a third, and an exodus of staff globally from the firm has increased in recent months.&nbsp;
 <h2 id="span-style-font-weight-400-related-news-span">Related News</h2>
 <ul>
 <li>Binance France Managing Director Joins Exodus Of Top Executives Leaving Troubled Crypto Exchange</li>
 <li>Binance Freezes $11.8 Million After Kidnappers Force Client Executives to Drain Crypto Wallets</li>
 <li>Binance Secures Crucial License: One Step Closer to Full Approval in Dubai’s Crypto Economy</li>
 </ul>
 Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/binance-to-launch-crypto-exchange-in-thailand-with-thai-billionaire-sarath-ratanavadi-tbt70582.html">https://thebittimes.com/binance-to-launch-crypto-exchange-in-thailand-with-thai-billionaire-sarath-ratanavadi-tbt70582.html</a>
</div>

Binance To Launch Crypto Exchange In Thailand With Thai Billionaire Sarath Ratanavadi

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