![]() ![]() Under the pact announced Saturday, Binance Holdings, BAM Management US, BAM Trading Services and founder Changpeng “CZ” Zhao will repatriate Binance.US customer assets. You Won’t Be Missed.Ī Cheap Fix to Global Warming Is Finally Gaining Support Xi Tells Blinken ‘Very Good’ That Progress Made on US-China Tiesįlorida Is Losing Its Affordability Edge After Drawing a Flood of New Arrivals Tucker Carlson's Fox Defense Crumbled When He Took Millions The team serves to deliver independent, unbiased news to provide information for Philippine-crypto and beyond.(Bloomberg) - Binance.US and the US Securities and Exchange Commission reached an agreement that avoids a total asset freeze at the cryptocurrency trading platform while the regulator’s suit against it proceeds. This article is published on BitPinas: Binance Joint Venture Receives Crypto License in Thailandĭisclaimer: BitPinas articles and its external content are not financial advice. The company, however, also has licenses in several jurisdictions, including, France, Italy, Bahrain, and the United Arab Emirates.Īdditional details about Binance’s new digital asset business in Thailand will be released at a later date. Its derivatives license in Australia was also cancelled amid a regulatory probe. ![]() It has decided to withdraw from Canada after a new regulatory guideline was announced in the country. (Disclosure: Richard Teng contributed an article to BitPinas in the past.) Binance Globallyīinance had been at the crosshairs of regulators in the last few months. Local users can expect access to a trusted and regulated service that prioritizes user security alongside compliance with local regulations,” Teng said. “By harnessing Binance’s expertise together with Gulf’s established local presence and network, Gulf Binance aims to showcase the full potential of blockchain technology to meet the needs of Thai users. In a statement, Richard Teng, Binance Regional Head of Asia, Europe, and MENA (Middle East and North Africa) said Thailand has a thriving crypto space in the region. It is also aiming to secure a crypto license and e-money license in the Philippines, as per news reports in 2022.It tried but later withdrew its license bid in Singapore, although new reports stated it is trying to obtain a license again.It should be noted that this is the company’s only crypto license in Southeast Asia so far: Binance and Gulf Innova have since been working closely with regulators to ensure the creation of a compliant-first exchange, the press release stated.īinance stated that receiving the licenses reaffirms the company’s commitment in operating within a regulatory framework. The joint venture between Binance and Gulf Innova follows an agreement between the two companies in 2022 to establish a digital asset exchange in the country. The licenses, granted by the Thailand Securities and Exchange Commission (SEC), will enable Gulf Binance to operate as a digital asset exchange and broker in Thailand, aiming for a launch in the fourth quarter of 2023. Gulf Binance Co., Ltd., a joint venture between Binance and Gulf Innova Co., Ltd., has received digital asset operator licenses from the Thailand Ministry of Finance. Despite regulatory issues in Canada and Australia, Binance holds licenses in several other jurisdictions.This is Binance’s first crypto license in Southeast Asia more are pursued in Singapore and the Philippines.Gulf Binance, a Binance-Gulf Innova venture, receives digital asset operator licenses in Thailand. ![]()
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