Binance is approved to operate in Bahrain
- Date: 15-Mar-2022
- Source: Gulf Insider
- Sector:Financial Markets
- Country:Bahrain
Binance is approved to operate in Bahrain
The Central Bank of Bahrain gave crypto exchange Binance the green light to operate in the country today.
The crypto-asset service provider licence marks Binance’s first regulatory approval in the Middle East. This allows firms to provide crypto-asset trading, custodial services and portfolio management to customers under the supervision of the Bahrain regulators.
Though Binance has faced regulatory scrutiny from a number of jurisdictions, including Japan, Germany and the UK, Bahrain sees its Binance approval as a step forward for its regulatory framework in fostering innovation.
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