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Friday, Jan 21, 2022

Binance Gets Its First Gulf Crypto Regulatory Nod in Bahrain

Binance Gets Its First Gulf Crypto Regulatory Nod in Bahrain

Largest crypto exchange gets in-principle approval in Bahrain. CEO Zhao expects to complete process formalities in due course.
Binance Holdings Ltd. received in-principle approval from Bahrain’s central bank to be a crypto-asset service provider in the kingdom, according to a statement from the company.

Binance, the world’s largest cryptocurrency exchange by trading volume, still needs to complete a full application process, Chief Executive Officer Changpeng “CZ” Zhao wrote in an email to Bloomberg News. He said that would be completed “in due course.”
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