The joint venture between Binance and Gulf Innova, Binance TH, will have to compete with market leader Bitkub to claim its share of the developing Thai crypto market.

Gulf Binance, a joint venture between the world's biggest exchange and Gulf Energy Development, has been licensed by the SEC of Thailand.

Thai institutional players are moving into crypto and Web3, while local investors are trading crypto with the help of gods and astrology.

The Prime Minister of Thailand was sworn in on Tuesday along with his cabinet. During the election his Pheu Thai party’s signature policy was a 10,000 baht payout to citizens via a new blockchain platform. So now comes the logistical challenge of actually keeping that promise.

Thailand's largest crypto exchange is developing a full blockchain ecosystem targeting the local audience.

The Bank of Thailand is running a pilot for its retail CBDC with the staff of three payment service providers and merchants situated around their head offices.