EUR/USD 1.16341
-0.215%
Gold 4507.58
0.663%
Oil 58.618
0.632%
USD/JPY 157.879
0.650%
GBP/USD 1.34060
-0.254%
GBP/JPY 211.655
0.407%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Ukrainian President Volodymyr Zelenskyy said that Ukraines chief negotiator, Ivan Umerov, spoke with U.S. representatives on Saturday.January 10th - According to the National Marine Forecasting Center, a 6.6-magnitude earthquake struck the waters off the Tarau Islands of Indonesia at 22:58 (Beijing time) on January 10, 2026, with a focal depth of 69 kilometers. The Ministry of Natural Resources Tsunami Warning Center, based on preliminary earthquake parameters, assesses that the earthquake may trigger a localized tsunami around the epicenter, but will not affect my countrys coast.On January 10, the Inter-Services Public Relations (ISPR) of the Islamic Republic of Pakistan (IPP) announced that Pakistani and U.S. armed forces have begun a joint counter-terrorism exercise codenamed "Inspired Gambit 2026." The press release stated that the two-week exercise is being held at the National Counter-Terrorism Centre base in Pabi, Khyber Pakhtunkhwa province, in northwestern Pakistan.On January 10th, the Yangtze River Delta Integration Model Release and Application Linkage Conference was held in Shanghai. At the conference, the Yangtze River Delta Integration Model (YRD-P1), led by Professor Zhang Xueliangs team, a member of the China Regional Economy 50 Forum and Executive Dean of the Yangtze River Delta and Yangtze River Economic Belt Development Research Institute at Shanghai University of Finance and Economics, was officially released. Professor Zhang stated that the YRD-P1 model is a specialized large-scale model built upon years of accumulated urban and regional scientific research. Relying on continuously accumulated policy documents, statistical data, academic achievements, industrial chain information, and geospatial data, the model is deeply customized for the Yangtze River Delta region, emphasizing the systematic, authoritative, and traceable nature of its knowledge system, and aiming to provide a more intelligent, accurate, and sustainable decision-making support tool for coordinated regional development.According to Irans Mehr News Agency, Iranian security forces intercepted Kurdish militants attempting to enter the country from Iraq.

Thai Energy Firm Gulf Concludes Investments in Binance.US and BNB

Cameron Murphy

Apr 20, 2022 09:43


微信截图_20220420091436.png


  • In Thailand, Gulf Energy Development and Binance have formed a joint venture.

  • Gulf has invested in Binance's US subsidiary and its flagship cryptocurrency, BNB.

  • In Thailand, the business will seek for a license to operate a digital asset exchange.


Gulf Energy Development PCL, owned by Thai billionaire Sarath Ratanavadi, has completed an investment in Binance's US branch and its hallmark cryptocurrency, BNB.


The move follows the announcement in January of a cooperation between the two companies to develop a digital asset market in Thailand. The partnership, according to Binance, is the "initial step" in investigating potential in Thailand. Despite this, the Thailand regulator has filed a criminal complaint against the exchange for operating without a license.

Investment To Deepen Crypto Market Involvement

Gulf disclosed its investment in Series Seed Preferred Stock issued by BAM Trading Services, which runs Binance, in a regulatory filing with the Thailand Stock Exchange on Monday. US.


"As a result, the Binance investment.


The United States not only allows the Company to participate in one of the world's quickest user scale-up exchanges, but it also offers the possibility of increased investment value after Binance.


IPO in the United States."


According to CEO Brian Shroder, Binance is planning an initial public offering (IPO) in two to three years. The cash will be used by Binance's US subsidiary to increase staff and product range, undertake ROI-based marketing campaigns, and make additional acquisitions ahead of its anticipated IPO, according to the filing.


Gulf also put money into Binance Coin (BNB), the native cryptocurrency that runs the BNB Chain ecosystem, for an unknown amount.


The business also announced a joint venture deal with Binance to establish a crypto exchange in Thailand, according to another regulatory filing.


"Following the formation of the joint venture, it will apply to appropriate authorities for a digital asset exchange license and other licenses."


Last week, Binance announced that it has gained primary permission from Abu Dhabi Global Market for its activities. Binance will be able to operate as a virtual assets broker-dealer as a result of the clearance, marking the company's third aggressive expansion in the Middle East after securing licenses in Bahrain and Dubai.


The joint venture, according to Gulf, would provide it greater opportunity to investigate the digital asset sector and expand the scope of its investments.

Thailand Crypto Tax

Thailand, however, prohibited cryptocurrency payments last month, citing price volatility, a lack of user safety, money laundering, and cyber-theft concerns as major factors in the decision.


Crypto firms would "not be authorized to promote or market crypto payments," according to the banking authority.


Following public criticism, the nation first planned a 15% tax on crypto assets, but eventually abandoned its proposals. However, when contrasted to India's 30% tax rate, this seems to be considerably less.

Suggestion