Binance gets license to operate in Thailand


Binance, the world’s largest cryptocurrency exchange, has received digital asset operator licenses from Thailand’s Ministry of Finance. The licenses allow Binance to operate a digital asset exchange and provide custodial services in Thailand. The licenses are the first granted to a cryptocurrency exchange in Thailand.

According to the agreement, Binance will launch a digital asset exchange and digital asset broker in Thailand in 4Q, 2023. This will help “drive innovation, foster growth, and deliver the best value possible to Thai users,” Binance said.

The relationship between Thailand and Binance towards developing the digital economy was strengthened in 2022 after an agreement was reached for the crypto firm to work closely with Thailand’s regulators to implement “a compliant-first exchange that strictly adheres to the SEC’s guidelines.” 

Expansion for the good of Thai users

Speaking about the license, Richard Teng, the Regional Head of Asia at Binance, said that Binance intends to demonstrate the full potential of blockchain technology to the Thai people by…

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