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

Iran Top Security Official Believes Recent De-Dollarization Efforts Will Doom ‘Illegal Western Sanctions’ to Failure
Iran Top Security Official Believes Recent De-Dollarization Efforts Will Doom "Illegal Western Sanctions" to Failure Ali Shamkhani, secretary of the National Security Council of Ir
How do you put the right valuation on digital assets?
Jupiter Zheng19 hours agoHow do you put the right valuation on digital assets?What"s the best way to place a value on a cryptocurrency? Take your pick, because there are dozens of options.1089 Total views34 Total sharesL
Tether boosts Bitcoin reserves with latest acquisition
Zoltan Vardai14 hours agoTether boosts Bitcoin reserves with latest acquisitionThe acquisition of 8,888 Bitcoin makes Tether the seventh-largest BTC holder.7475 Total views9 Total sharesListen to article 0:00NewsOwn this
El Salvador Bitcoin holdings hit record $164M as BTC profits pass $50M
William Suberg9 hours agoEl Salvador Bitcoin holdings hit record $164M as BTC profits pass $50MBitcoin adoption in El Salvador has netted the government up to $53 million in profits thanks to BTC price record highs.3527
Spaceseven’s Game-Changing NFT Marketplace
Spaceseven’s Game-Changing NFT Marketplace press release PRESS RELEASE.Recently, on the 23rd of November, SpaceSeven launched its state-of-the-art NFT marketplace. The SpaceSeven
FTX Closes $900 Million Series B — Capital Raise Pushes Exchange Valuation to $18 Billion
FTX Closes $900 Million Series B — Capital Raise Pushes Exchange Valuation to $18 Billion FTX Trading Ltd. announced the firm has closed the largest capital ra
Regulation of Cryptocurrency in South Africa Should Not Scare Away Investors Experts Say
Regulation of Cryptocurrency in South Africa Should Not Scare Away Investors Experts Say Two experts have said they welcome South Africa’s planned regulation of cryptocurren
Ariva Looks To Offer Its Users A ‘Second Life’ Via Ariva Wonderland
Ariva Looks To Offer Its Users A ‘Second Life’ Via Ariva Wonderland press release PRESS RELEASE. People from all across the planet miss being able to freely travel to new areas
Dencun is a big step towards mass adoption: Metis CEO
Zoltan Vardai11 hours agoDencun is a big step towards mass adoption: Metis CEOThe Dencun upgrade could be a significant step for mainstream crypto adoption, says Metis CEO Tom Ngo.1292 Total views1 Total sharesListen to
Bitcoin Cash Meetups Go Virtual in Japan to Combat Virus, Allowing Members to Choose
Bitcoin Cash Meetups Go Virtual in Japan to Combat Virus, Allowing Members to Choose Due to the spread of the COVID-19 virus, BCH meetup groups in Tokyo and Osaka, Japan, have an
Relm Launches Insurance Coverage for Cryptocurrency and Cannabis Groups in Tough Regulatory Climate
Relm Launches Insurance Coverage for Cryptocurrency and Cannabis Groups in Tough Regulatory Climate Bermuda-based insurance company Relm has announced an official launch of opera
Brayden Lindrea3 hours agoEx-FTX exec Salame won’t testify in alleged illegal campaign donation caseRyan Salame plans to plead the Fifth if he is asked to testify at Sam Bankman-Fried"s criminal trial, according to Uni