Crypto Exchange Binance Receives Approval in Bahrain — Plans to Become Regulated, Centralized WorldwideBinance has received in-principle approval from the Central Bank of Bahrain to operate a cryptocurrency service provider in the country. The license is part of Binance’s “plans to become a fully-regulated centralized cryptocurrency exchange,” the crypto exchange detailed. Binance Receives In-Principle Approval in BahrainCrypto exchange Binance announced Monday that it has “received in-principle approval from the Central Bank of Bahrain (CBB) to establish itself as a crypto-asset service provider in the Kingdom of Bahrain.” The company explained:The in-principle approval comes after Binance applied for a license from the CBB as part of its plans to become a fully-regulated centralized cryptocurrency exchange. In early December, Binance revealed that it is making “substantial changes” to become a fully licensed and compliant cryptocurrency exchange. What do you think about Binance receiving approval in Bahrain and planning to become a centralized crypto exchange?

Source: The North Africa Journal December 28, 2021 07:18 UTC