Binance receives license to operate in the Kingdom of Bahrain

Wednesday 16 March 2022 07:42 CET | News

Cryptocurrency exchange platform Binance has announced it was granted a crypto-asset service provider license by the Central Bank of Bahrain (CBB) to operate in the kingdom.

It is the company’s first license as a crypto-asset provider in The Cooperation Council for the Arab States of the Gulf (GCC) and shows the region’s commitment to transform its economy and shift towards the world of blockchain-based assets.

Binance is compiled to meet the strong criteria of the CBB by exceeding the requirements of the regulatory body and providing strong AML and counter-terrorism financing policies. The crypto-asset license allows Binance to offer crypto-asset trading of more than 600 altcoins and cryptos (including BTC, ETH, ADA, XRP, BNB, and LUNA), custodial services, and portfolio management to customers under the supervision of the CBB.

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Keywords: cryptocurrency, cryptocurrency exchange, Binance, regulation, regulatory sandbox, blockchain, Bitcoin, Ripple, Ethereum
Categories: DeFi & Crypto & Web3
Countries: Bahrain
This article is part of category

DeFi & Crypto & Web3

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