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


FILE PHOTO A representation of cryptocurrency Binance is seen in this illustration taken August 6 2021. REUTERSDado RuvicIllustration

FILE PHOTO: A representation of cryptocurrency Binance is seen in this illustration taken August 6, 2021. REUTERS/Dado Ruvic/Illustration

BANGKOK (Reuters) - 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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