Binance secures in-principle approval to operate from Central Bank of Bahrain – The National

Binance secures in-principle approval to operate from Central Bank of Bahrain – The National

The Central Bank of Bahrain has granted Binance, the world's largest cryptocurrency exchange by trading volumes, an in-principle agreement to become a crypto-asset service provider in the kingdom.

The CBB's move makes it the first regulator in the Middle East and North Africa region to grant such an approval to a Binance entity.

The exchange's licence application is part of its plans to become a fully-regulated centralised cryptocurrency exchange.