Skip to main content
Best News Website or Mobile Service
 
WAN-IFRA Digital Media Awards Worldwide
Best News Website or Mobile Service
 
Digital Media Awards Worldwide
Hamburger Menu

Advertisement

Advertisement

Business

Crypto exchange Binance gets in-principle nod from Bahrain

Crypto exchange Binance gets in-principle nod from Bahrain

A representation of the cryptocurrency Binance Coin, the native token of the cryptocurrency exchange. (File photo: Reuters/Dado Ruvic)

DUBAI: Binance has received in-principle approval from the Central Bank of Bahrain (CBB) to become a crypto-asset service provider in the kingdom, the company said on Monday (Dec 27).

Binance, the world's biggest cryptocurrency exchange by trading volume, said that the in-principle approval came after the company applied for a licence from the CBB as part of its plans to become a fully regulated centralised cryptocurrency exchange.

Binance still had to complete the full application process, the company said in a statement, which it said it expected to happen in due course.

Source: Reuters/kg
Categories

Advertisement

Also worth reading

Advertisement