Binance expands horizons, sets sights on Thailand
Gulf Binance’s digital asset platform will provide digital asset exchange and digital asset broker services for both cryptocurrencies and digital tokens, prioritizing security and compliance with SEC regulations. Global expansion amid regulatory challenges
Binance has been battling regulatory challenges around the globe since the dramatic collapse of various crypto firms in 2022. The U.S. SEC filed 13 charges against Binance, its various affiliates and founder Changpeng “CZ” Zhao with a plethora of law violations.
Moreover,
the world’s largest crypto exchange has been pulling out of various European countries in anticipation of the European Union’s new Markets in Crypto Assets regulation dropping in next year.
CZ has hailed the clear rules brought in by MiCA. However, regulatory pressure has already forced the exchange to flee many European jurisdictions, including the Netherlands, Cyprus, and Germany.
