Money & BusinessBahrain

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.


The block
Back to top button