Thailand’s Ministry of Finance grants digital asset licenses to Gulf Binance, a crypto venture established by Binance and Gulf Energy’s innovation arm Innova. These licenses grant permission for the company to conduct a cryptocurrency exchange that is seen as overseen by the National Securities & Exchange Commission. The new crypto venture combines Binance’s expertise with the Gulf’s understanding of this Thai market. Today Binance states that Gulf Binance is to launch a digital asset exchange in Thailand by Q4, 2023.