Thailand's Gulf Energy to ink crypto JV with Binance in Q2

FILE PHOTO: Representations of cryptocurrencies including Bitcoin, Dash, Ethereum, Ripple and Litecoin are seen in this illustration picture taken June 2, 2021. REUTERS/Florence Lo/Illustration/File Photo

Thai power producer Gulf Energy Development Pcl expects to finalise a joint venture (JV) with the world’s biggest cryptocurrency exchange, Binance, in the second quarter this year, a senior executive told Reuters in an interview.

“Once we conclude talks with Binance on business model and shareholder agreements, a JV will be formed, which will apply for the license with regulators,” Gulf chief financial officer Yupapin Wangviwat said.

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