Binance, the world’s largest cryptocurrency exchange, has obtained a global crypto asset service provider license from the Central Bank of Bahrain (CBB).
March 14 According to official statements made on Binance, Central Bank of Bahrain (CBB) by Gulf Cooperation Council (GCC) given through First crypto asset service provider license in the Middle East It will offer fully regulated services in the country.
The license is for Binance customers in the country. purchase and sale, storage and portfolio management It will allow it to offer crypto services, including Last December per month Bahrainto operate in a temporary license domain Binancewith approval to a full license he had.
Binance CEO Changpeng Zhao (CZ), about the topic;
The license from Bahrain is a milestone in our journey to become fully licensed and regulated worldwide.
included the description.
Chairman of the Central Bank of Bahrain (CBB) Rasheed Al Maraj On the other hand, he said that the bank “develops regulations in line with global trends that enable innovation and best practices”.
Binancewhile complying with local regulations thanks to the license efforts to expand in global jurisdictions. can continue. CZ said last week that Binance has plans to invest in one or two traditional businesses across all economic sectors to attract those companies to the crypto sector.
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One of the most crypto-friendly countries among other countries in the Middle East Bahrain, January country’s central bank CBB through JP Morgan‘s crypto payment system onyxHe had successfully completed his trials.