Undeniably Thailand is one of the top crypto-friendly countries and the result of the latest Google trends depicts that the country’s citizens are searching “Crypto Binance” to a great extent.
Binance Search Term Ranks #7 in Thailand
The news was first shared by Binance Boss “Changpeng Zhao (CZ)” via a tweet, which unfortunately is not available. However, as per bbc.com, people in Thailand used crypto Binance widely among other such terms. The top 10 search terms for the year 2019 on Google includes; tasting, shopping, use; Karma; mistress; leaves that blow; Stone Hearts; election results 2019; Crypto Binance; Share Chain Nice Review; sensual Mead; Love inspires an emergency.
Undeniably, Binance is one of the world’s largest crypto exchanges that offer its trading and other crypto-related services across almost all the countries of the world. More so, with the popularity of crypto and blockchain in today’s world, enthusiasts and investors are digging deeper into the concept of decentralization, digital currency, and blockchain ecosystem.
As for Thailand, the country is reportedly reforming cryptocurrency laws in 2020 as stated by the Securities and Exchange Commission (SEC). Although several details regarding the crypto policy remained unseen, it was said that the country’s regulators Ruenvadee Suwanmongkol, the secretary-general of the SEC thinks “the regulator must be flexible to apply the rules and regulations in line with the market environment.
“For example, laws should not be outdated and should serve market needs, especially for new digital asset products, and be competitive with the global market. We need to explore any possible obstacles.” Added Ruenvadee.
The news of Binance appearing among the top search terms of Google in Thailand comes in a wake of Binance’s support announcement for Ethereum Muir Glacier upgrade. The exchange announced on Monday, 30th December that the exchange will temporarily suspend deposits as well s withdrawals for Ethereum during the upgrade. Notably, the upgrade is scheduled for January 2, 2020.
“ETH deposits and withdrawals will be suspended before block 9,200,000, the time selected to perform the estimated update to take place on 02/02 2020 (UTC). Note that ETH trading will not be affected during the upgrade, ”elaborated Binance.
