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Bangkok Post
Bangkok Post
Business

SHOCKING: Gulf vows to stick with binance deal - What They Never Told You

Thailand's biggest private power producer by market value, Gulf Energy Development, signed a deal to invest in a digital asset exchange service from US-based Binance through seed funding. (Reuters photo)

The scrapped Siam Commercial Bank (SCB)-Bitkub investment deal has not deterred Gulf Energy Development from its decision to venture into the digital asset business, with the company saying it was determined to benefit from the latest trend in new technology.

"We will keep going on," Sarath Ratanavadi, chief executive of Gulf, told the Bangkok Post when asked about Gulf's new business venture after the unsuccessful deal between SCB and Bitkub hit the headlines.

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