Photo by Ozan KOSE / AFP

 

Thailand’s Gulf Energy Development PCL, or GULF, has entered into an agreement with Binance, the world’s largest digital assets exchange in terms of trading volume, to explore the setting up of a cryptocurrency exchange and related businesses in Thailand.

 

GULF has informed the Stock Exchange of Thailand (SET) that its wholly-owned subsidiary, Gulf Innova, has already signed a memorandum of understanding (MoU) with Binance, to study and plan for the development of a cryptocurrency exchange in Thailand.

 

GULF said in its letter to the SET that it recognises a big jump in the use of cryptocurrencies in Thailand and the potential of digital assets and related technologies in enhancing the efficiency of the country’s financial infrastructure.

 

Full Story: https://www.thaipbsworld.com/gulf-energy-binance-to-explore-setup-of-digital-assets-exchange-in-thailand/

 

-- © Copyright Thai PBS 2022-01-18

 

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Interesting, it goes into a little more detail here :

https://cryptobriefing.com/bangkok-billionaire-taps-binance-for-new-crypto-exchange/

 

I guess after Binance came under fire last year in Thailand they've found a way back in.