Fun

Binance Now Fully Licensed by Central Bank of Bahrain to Offer Crypto Services

News Feed - 2022-03-16 05:03:48

Binance Now Fully Licensed by Central Bank of Bahrain to Offer Crypto Services


Cryptocurrency exchange Binance has announced that it has received a full license from the Central Bank of Bahrain. “The crypto asset license will allow Binance to provide crypto-asset trading, custodial services, and portfolio management to customers under the supervision of the Bahrain regulators,” said the exchange. Binance Now Licensed in Bahrain


Cryptocurrency exchange Binance announced Monday that it has been granted a crypto asset service provider license from the Central Bank of Bahrain (CBB).


Changpeng Zhao (CZ), founder and CEO of Binance, tweeted: Binance has been granted the first license for a global crypto-asset provider in The Cooperation Council for the Arab States of the Gulf (GCC) by the Central Bank of Bahrain.


He added: “The license from Bahrain is a milestone in our journey to being fully licensed and regulated around the world.”


The cryptocurrency exchange company received in-principle approval from the central bank in December last year. And in-principle approval means that Binance still needed to complete the full application process.


Rasheed Al Maraj, governor of the Central Bank of Bahrain commented: “Developing regulations aligned with global trends is a key objective for us at the CBB. We continue to work with partners and industry leaders such as Binance to develop regulations that enable innovation and best practices.”


The announcement adds: The crypto asset license will allow Binance to provide crypto-asset trading, custodial services and portfolio management to customers under the supervision of the Bahrain regulators. Tags in this story Bahrain, Binance, binance license, central bank of bahrain


What do you think about Binance receiving a license to operate a crypto exchange business in Bahrain? Let us know in the comments section below. Kevin Helms


A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography. Chinese Authorities Arrest Alleged Masterminds Behind an Online Virtual Currency Pyramid Scheme REGULATION | 2 hours ago Better Business Bureau Warns About Cryptocurrency — BBB Ranks Crypto Scams Second Riskiest REGULATION | 23 hours ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleChinese Authorities Arrest Alleged Masterminds Behind an Online Virtual Currency Pyramid Scheme Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItStarlink Terminals Arrive in Ukraine as Elon Musk Makes Good on Promise


Spacex has managed to deliver Starlink equipment to Ukraine as promised by its founder, Elon Musk. The hardware will provide access to high-speed internet for users in the country, which has been experiencing disruptions in communications as a result of ... read more.EU Data Act Proposes Shutdown Function for Smart Contracts Cambridge Centre for Alternative Finance Launches Digital Assets Research Project With 16 Banks Rwanda May Not Reach Decision on CBDC Issuance Until End of 2022 — Central Bank Official South African Crypto Exchange Valr Raises $50 Million in Series B Funding Round

News Feed

Helen Partz14 hours agoBinance to deactivate some deposit addresses for wallet upgradeCryptocurrency exchange Binance continues upgrading its wallet infrastructure, which requires affected users to get new wallet address
Yellen Says US Could Back All Deposits at Smaller Banks if Needed to Prevent Contagion
Yellen Says US Could Back All Deposits at Smaller Banks if Needed to Prevent Contagion U.S. Treasury Secretary Janet Yellen says the federal government could guarantee all deposits
The Search for Satoshi Nakamoto: A Look at 7 Suspected Bitcoin Creators
The Search for Satoshi Nakamoto: A Look at 7 Suspected Bitcoin CreatorsDuring the last decade, cryptocurrency enthusiasts have discussed the true identity of Bitcoin’s creator
Data Lake’s Consent-to-Earn: A Revolutionary Model for Data Monetization?
Data Lake"s Consent-to-Earn: A Revolutionary Model for Data Monetization? sponsored During the last decade or so, data has become a hot topic and often a controversial one. As a res
William Suberg18 hours agoGBTC ‘discount’ hits smallest since 2021 despite BTC price at 3-month lowsBitcoin sits in the shade as the GBTC share price creeps ever closer to 1:1 against the BTC price.3782 Total views49
William Suberg35 minutes agoThere are now nearly 40M Bitcoin addresses in profit — a new record80% of Bitcoin addresses are "in the black" at $34,000, while BTC price still trades 50% below its own all-time
Memecoin madness is breaking the Bitcoin halving cycle
Martin Young5 hours agoMemecoin madness is breaking the Bitcoin halving cycleLiquidity seems to have skipped a few steps and gone from Bitcoin straight into memecoins amid a “weird” bull market, say observers.6704 To
Copy Trading Platform ZuluTrade Powers SetBroker.com
Copy Trading Platform ZuluTrade Powers SetBroker.com SetBroker, an innovative Bitcoin-based copy-trading platform, announced today their successful launch. Their platform is powe
Trava Finance Is a Groundbreaking Protocol That Lets You Create Lending Pools to Start a Lending Business
Trava Finance Is a Groundbreaking Protocol That Lets You Create Lending Pools to Start a Lending Business sponsored Trava is the next generation of Lending Protocols, employing an i
Bank of Russia Advises Stock Exchanges to Avoid Trading Crypto Instruments
Bank of Russia Advises Stock Exchanges to Avoid Trading Crypto Instruments In line with its hardline stance on cryptocurrencies, the Central Bank of Russia (CBR)
Report: Binance Asked to Provide More Information as Dubai Tightens Screws Against Crypto Entities
Report: Binance Asked to Provide More Information as Dubai Tightens Screws Against Crypto Entities Dubai’s Virtual Assets Regulatory Authority (VARA) has reportedly asked Bin
Gary Gensler Outlines What to Expect From SEC on US Crypto Regulation
Gary Gensler Outlines What to Expect From SEC on US Crypto Regulation The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has outlined what to expect f