🚨 Time is Running Out: Reserve Your Spot in the Lucky Draw & Claim Rewards! START NOW
Learn to gain real rewards

Learn to gain real rewards

Collect Bits, boost your Degree and gain actual rewards!

New
Video Courses
Video Courses
Deprecated
Scale your career with online video courses. Dive into your learning adventure!
Learn to gain real rewards

Learn to gain real rewards

Collect Bits, boost your Degree and gain actual rewards!

New
Video Courses
Video Courses
Deprecated
Scale your career with online video courses. Dive into your learning adventure!

Gulf Energy Company in Thailand Launches Subsidiary for Crypto Investments

Gulf Energy Company in Thailand Launches Subsidiary for Crypto Investments

The energy solution company, owned by billionaire Sarath Ratanavadi, will continue its expansion into blockchain technologies with a new business unit.

According to a document issued by GULF, the company notified the Stock Exchange of Thailand (SET) about the launch of its blockchain-focused subsidiary titled Gulf International Investment Limited.

The subsidiary will strictly focus on crypto-related initiatives, including "digital infrastructure, digital assets, blockchain technology business, including investment in funds that invest in aforementioned assets and businesses, in foreign countries."

What is Uniswap? (UNI Token Explained With Animation)

Did you know?

Want to get smarter & wealthier with crypto?

Subscribe - We publish new crypto explainer videos every week!

What is Uniswap? (UNI Token Explained With Animation)

What is Uniswap? (UNI Token Explained With Animation) What is Uniswap? (UNI Token Explained With Animation)

In other words, Gulf Investment will be funding crypto companies that specialize in digital asset investments and blockchain development. The starting capital of the subsidiary will be $100K, with Gulf Energy holding a 100% stake in the equity.

This comes two months after the Gulf Development Company had shown interest in blockchain technologies. Back in January, the energy firm announced that it has partnered with Binance to study and develop "digital asset exchange and related business in Thailand."

Even though Binance has been under regulatory scrutiny by Thai regulators for some time now, the crypto exchange is still operational within the country.

Aaron S., Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

Loading...
binance
×
Verified

$600 WELCOME BONUS

Earn Huge Exclusive Binance Learners Rewards
Rating