Binance Expands License in Bahrain
- May 26, 2022
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On May 24, Binance bitcoin exchange received a category 4 digital asset service provider license from the Central Bank of Bahrain (CBB). We are excited to announce that
On May 24, Binance bitcoin exchange received a category 4 digital asset service provider license from the Central Bank of Bahrain (CBB).
We are excited to announce that #Binance It was the first exchange to be granted a category 4 license by the Central Bank of Bahrain.
This license allows Binance to offer a wider range of crypto exchange services to users in the country.
— Binance (@binance) 26 May 2022
According to the statement, regulatory approval will allow the company to offer consumers “a full range of services for the exchange of crypto assets.”
“Getting a Category 4 license in the Kingdom of Bahrain is a significant achievement for Binance and further demonstrates our commitment to being a compliance-driven company,” said Richard Tan, MENA Regional Director.
CBB granted Binance a license to operate as a cryptocurrency service provider in March.
The exchange also received a license in Dubai and in-principle approval from the Abu Dhabi Global Market Financial Services Authority as a digital asset broker-dealer.
Recall that Binance announced the launch of a regulated crypto platform in the Middle East in June.
Source: Fork Log
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