Binance [BNB] is gearing up to make its mark in Thailand through a strategic joint venture with Gulf Innova, a unit of Gulf Energy Development. The collaborative effort, named Gulf Binance, has secured approval from Thailand’s Securities and Exchange Commission (SEC). The formal announcement, disclosed on the 15th of November, revealed that Gulf Binance, born out of Binance’s partnership with Gulf Innova, successfully obtained licenses from Thailand’s Ministry of Finance back in May. These licenses position Gulf Binance as a regulated digital asset operator under the jurisdiction of the SEC. The recent approval, as outlined in the filing, serves as the green light for the imminent launch of the crypto exchange.