Binance and Thailand’s Gulf Energy Development announced their collaboration on the 17th. Gulf Energy Development has informed the Stock Exchange of Thailand that a subsidiary of the business (Gulf Innova Company Limited) would be collaboratively investigating opportunities for the development of digital asset exchanges in the nation.
The business also stated in the letter how Thailand’s economy is becoming increasingly driven by innovation and technology, and how digital assets are considered to be playing an essential role in making financial systems more efficient. Gulf Energy Development further indicated that its partnership with Binance will increase the value of the digital asset exchange company. The collaboration’s goal is to build and enhance digital infrastructure.
Binance stated that it intends to launch its cryptocurrency exchange as well as other related companies related to the same. They also stated that their goal is to collaborate with the government, regulators, and associated industries. and explore prospects in an open and collaborative manner- according to a report by Reuters.
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