• About Us
  • Careers
  • Contact
No Result
View All Result
Tuesday, September 30, 2025
DeFi Planet
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Market Analysis
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverse
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Market Analysis
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverse
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
No Result
View All Result
DeFi Planet
No Result
View All Result

Binance’s Thai Joint Venture, Gulf Binance, Officially Opens its Exchange Platform to the Public

16 January 2024
in Latest News, News
Reading Time: 3 mins read
102 7
Home News Latest News

Binance Thailand has officially opened its doors to the public, offering a platform for digital asset exchange with Thai Baht and other local currencies. 

According to an official statement published on January 16, 2024, the new crypto exchange is collaborating with local banks and Binance Kazakhstan for brokerage services under the scrutiny of Thailand’s Securities and Exchange Commission. 

Nirun Fuwattananukul, CEO of Gulf Binance, expressed in a statement that the company has diligently worked with local regulators, ensuring compliance and planning for the launch. 

Gulf Binance, a joint venture between Binance and Gulf Innova, secured an operational license from Thailand’s Ministry of Finance in May 2023. This milestone enabled the firm to progress with its plans to establish a regulated cryptocurrency exchange and broker in Thailand. Leveraging Binance’s expertise and Gulf Innova’s local presence, the joint venture aims to contribute to the growth of the crypto ecosystem in Thailand.

Richard Teng, Binance’s CEO, emphasized the company’s commitment to transparency, service quality, and security with the full operation of Binance TH. He added that blockchain technology and crypto assets are able to bring about financial inclusion and envisions Thailand playing a significant role in the global digital finance landscape.

Meanwhile, Thailand’s regulators have been actively positioning the country as an emerging cryptocurrency hub in Asia. In January 2023, they introduced regulations for cryptocurrency custody services and later announced a $1 billion tax incentive for companies issuing crypto assets for investments.

It’s worth noting that the country has implemented a ban on cryptocurrency staking and lending services in 2022, which shows that the regulatory approach to the crypto industry is nuanced. The new regulations, which were introduced in January 2023, were later updated in July 2023 to focus on ensuring that investors are aware of the potential risks of trading cryptocurrencies. The revised rules mandated digital asset service providers to provide explicit warnings that highlight the high-risk nature of cryptocurrency trading.

 

If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.

“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”

Don't miss out!

Subscribe To Our Newsletter

Receive top education news, lesson ideas, teaching tips and more!
Invalid email address
Give it a try. You can unsubscribe at any time.
Thanks for subscribing!
Tags: BinaceGulf BinanceThailand
Share64Tweet40Share11
Previous Post

Circle’s USDC Emerges as Top Choice for Remittances, Surpasses $12 Trillion in Asia Settlements – New Circle Report

Next Post

OpenAI Pledges Transparency and Counteraction Against AI Misuse in 2024 US Elections

Precious James

Precious James

Precious James is a seasoned forex and crypto trader who loves sharing insights through engaging and accessible content. When not analyzing markets, Precious enjoys quality time with their beloved dogs. This blend of expertise and personal passion adds a unique, relatable touch to Defi Planet's content.

Related Posts

source: bloomberg.com
News

Telegram CEO Pavel Durov Reveals French Intelligence Push to Censor Telegram Channels

29 September 2025
source: decrypt.co
Crypto

Aster CEO Unveils Plans for Trading-Focused Chain and Flexible Token Buybacks

29 September 2025
source: cryptonews.com.au
Crime

Hyperdrive Restores Operations, Compensates Users After $700K Exploit on Hyperliquid

29 September 2025
Strategy.com
Bitcoin

MicroStrategy Expands Bitcoin Holdings With $22M Purchase Despite Price Dip

29 September 2025

Editors Picks

Mining vs. Staking: Which Crypto Validation Method Will Shape the Future?

Mining vs. Staking: Which Crypto Validation Method Will Shape the Future?

byOlajumoke Oyaleke
15 July 2025
0

Where Are the Ethereum-Killers Now?

Where Are the Ethereum-Killers Now?

byOlayinka Sodiqand1 others
6 January 2025
0

source: investorplace.com

How to Find the Newest Cryptocurrencies Before They’re Listed

byOlayinka Sodiq
30 December 2024
0

Exploring the Role of AI in Enhancing DeFi Security

Exploring the Role of AI in Enhancing DeFi Security

byOlayinka Sodiq
1 October 2024
0

The Ultimate Guide to How NFT Royalties Work

The Ultimate Guide to How NFT Royalties Work

byAdedamola Ojedokun
17 April 2024
0

Read More

Chain of Thoughts

The Aesthetics of Web3: Why Vibe Matters in Decentralized Communities

The Aesthetics of Web3: Why Vibe Matters in Decentralized Communities

byOlu Omoyele
27 September 2025
0

...

Zero-Knowledge Everything: Trust, Privacy, and Verification in the Digital Age

Zero-Knowledge Everything: Trust, Privacy, and Verification in the Digital Age

byOlu Omoyele
30 August 2025
0

...

What Happens When AI Gets a Wallet?

What Happens When AI Gets a Wallet?

byOlu Omoyele
31 July 2025
0

...

The Game-changing Triumvirate: Blockchain, Data Science, and Artificial Intelligence

The Game-changing Triumvirate: Blockchain, Data Science, and Artificial Intelligence

byOlu Omoyele
30 June 2025
0

...

Markets Update

Crypto Adoption Soars in Australia—But Banks Are Pulling the Plug

9 hours ago

Could Quantum Computers Bring Lost Bitcoin Back to Life?

10 hours ago

Is the UK’s Blockchain Petition a Genuine Catalyst or a Dazzling Distraction?

12 hours ago

Solana Market Cap Hits $120 Billion: A Breakthrough Moment for Adoption?

12 hours ago

Your Weekend Crypto Roundup | September 2025 (Week 4)

3 days ago

Network Tokens on the Edge: Commodities vs Securities and the SEC’s Next Big Move

5 days ago
Read More

Events

Blockchain Life 2025
Blockchain Life 2025
28 Oct 25

Spotlight

All about Ethereum
All about Algorand
All about Bitcoin
All about Gora

Press Releases

Eightco Holdings Inc. (ORBS) Announces 16.9 Million Verified World Humans, Adding 1.9 Million Since Launching Worldcoin Treasury Just 3 Weeks Ago

bychainwire
29 September 2025
0

WBTC Strengthens its Role as Multichain Standard for Bitcoin in DeFi

bychainwire
29 September 2025
0

BitMine Immersion (BMNR) Announces ETH Holdings Exceeding 2.65 Million Tokens and Total Crypto and Cash Holdings of $11.6 Billion

bychainwire
29 September 2025
0

McKay Brothers Launches Fastest Private Transport for Crypto & FX Trading Between London and Singapore

bychainwire
29 September 2025
0

Alt.town Introduces $TOWN Token Utility Across Platform Services and Launches ValueFi Deposit Event

bychainwire
29 September 2025
0

Read More

ADVERTISING

ABOUT

TEAM

CAREERS

CONTACT

TERMS & CONDITIONS

PRIVACY POLICY

© Copyright 2025 DeFi Planet

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Please enter and activate your license key for Cryptocurrency Widgets PRO plugin for unrestricted and full access of all premium features.

Add New Playlist

No Result
View All Result
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Market Analysis
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverse
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer

© Copyright 2024 DeFi Planet   |   Terms & Conditions   |   Privacy Policy

-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00