Copy link
Increase text size
Decrease text size
Link copied

Crypto exchange Binance set to become a crypto-asset service provider in Bahrain

The company is on track to becoming a crypto-asset provider in Bahrain after having secured an in-principle approval from the central bank.

Bahrain World trade Center / Image by: Wikimedia Commons

Mon, 27 Dec 2021, 12:57 pm UTC

Binance, the largest crypto trading platform in the world by trading volume, is set on expanding its presence in the Middle East. The company is on track to becoming a crypto-asset provider in Bahrain after having secured an in-principle approval.

“Binance has received in-principle approval from the Central Bank of Bahrain (CBB) to establish itself as a crypto-asset service provider in the Kingdom of Bahrain,” the company said in a blog post. “The in-principle approval comes after Binance applied for a license from the CBB as part of its plans to become a fully-regulated centralized cryptocurrency exchange.”

While it has already secured an in-principle approval, the crypto exchange still needs to complete the entire application process before the Central Bank of Bahrain will grant the license to operate, Chief Executive Officer Changpeng “CZ” Zhao told Bloomberg. The CEO added that this application process will be completed “in due course.”

Central Bank of Bahrain is the first regulator in the Middle East North Africa (MENA) region to grant in-principle approval to a Binance entity. The crypto exchange is expanding its presence in the region, especially in the Gulf area, and as company executives prepare to set up a potential headquarters.

“I am grateful for the support from the Central Bank of Bahrain and the broader Bahraini ecosystem during the process,” Zhao said.

Last week, Binance announced that it joined Dubai’s efforts to create its crypto zone. The company already signed a Memorandum of Understanding (MoU) with the Dubai World Trade Centre Authority (DWTCA) to help accelerate the city’s industry hub for virtual assets project.

“With the MoU, Binance will help advance Dubai’s commitment to establishing a new international Virtual Asset ecosystem that will generate long-term economic growth through digital innovation,” Binance said.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • wilson
  • 2022.01.06 05:15:28
Investing with Jose Gonzales has been the greatest thing that ever happened to me,, I so much appreciate him for his handwork over the investors for granting us the opportunity to earn income weekly through their Investment platform I invested $450 about 7 days ago i just received $4500 profit congratulations to me because I am happy I am putting more I can't say less about this platform they have been so amazing. If you want to start making profit on bitcoin investment today Jose gonzales is all you need contact on email: [email protected] or contact on Whats-app: +1(201)293-7434
  • 0
  • ·
  • 0
  • darrenray
  • 2022.01.04 23:58:07
NO UPFRONT PAYMENTS
After falling for the tricks of fake investors who promised quick withdrawal and failed, I was finally able to recover my money with the help of cryptoheistrecovery.com, However, I was shocked at how quick this process was completed. I was informed as to the urgency of completing my case in time but I did not expect my funds in less than a week. It felt unreal when I was told my funds had been recovered until I received them in my wallet address. Is every recovery this fast? I believe the experience of these team is instrumental in delivering quality service in time.
  • 0
  • ·
  • 0
  • darrenray
  • 2022.01.04 07:28:05
NO UPFRONT PAYMENTS
Apparently, binary options is an all or nothing investment. I realized this after losing my Gratuity invested with BinaryTilt. After series of research and consultations with friends and families..I came across a recovery team who helped me recover all the funds lost. I am excited to share this now that I have my money and also to help other Victims recover their funds too. You can reach out to them on their website {cryptoheistrecovery.com}
  • 0
  • ·
  • 0
  • Brittanydustin
  • 2021.12.28 13:51:43
GET RICH WITH BLANK ATM CARD ... Whatsapp: +18033921735

I want to testify about Dark Web blank atm cards which can withdraw money from any atm machines around the world. I was very poor before and have no job. I saw so many testimony about how Dark Web Cyber hackers send them the atm blank card and use it to collect money in any atm machine and become rich.( [email protected] ) I email them also and they sent me the blank atm card. I have use it to get 250,000 dollars. withdraw the maximum of 5,000 USD daily. Dark Web is giving out the card just to help the poor. Hack and take money directly from any atm machine vault with the use of atm programmed card which runs in automatic mode.

You can also contact them for the service below

* Western Union Transfer Hack

* Bank Transfer Hack

* PayPal / Skrill Transfer Hack

* Crypto Mining Hack

* CashApp Transfer Hack

Email: [email protected] OR [email protected]

Text & Call or WhatsApp: +18033921735

Visit: https://darkwebcycberhackers.com/
  • 0
  • ·
  • 0
  • Brittanydustin
  • 2021.12.28 13:51:40
GET RICH WITH BLANK ATM CARD ... Whatsapp: +18033921735

I want to testify about Dark Web blank atm cards which can withdraw money from any atm machines around the world. I was very poor before and have no job. I saw so many testimony about how Dark Web Cyber hackers send them the atm blank card and use it to collect money in any atm machine and become rich.( [email protected] ) I email them also and they sent me the blank atm card. I have use it to get 250,000 dollars. withdraw the maximum of 5,000 USD daily. Dark Web is giving out the card just to help the poor. Hack and take money directly from any atm machine vault with the use of atm programmed card which runs in automatic mode.

You can also contact them for the service below

* Western Union Transfer Hack

* Bank Transfer Hack

* PayPal / Skrill Transfer Hack

* Crypto Mining Hack

* CashApp Transfer Hack

Email: [email protected] OR [email protected]

Text & Call or WhatsApp: +18033921735

Visit: https://darkwebcycberhackers.com/
  • 0
  • ·
  • 0
  • Brittanydustin
  • 2021.12.28 13:51:35
GET RICH WITH BLANK ATM CARD ... Whatsapp: +18033921735

I want to testify about Dark Web blank atm cards which can withdraw money from any atm machines around the world. I was very poor before and have no job. I saw so many testimony about how Dark Web Cyber hackers send them the atm blank card and use it to collect money in any atm machine and become rich.( [email protected] ) I email them also and they sent me the blank atm card. I have use it to get 250,000 dollars. withdraw the maximum of 5,000 USD daily. Dark Web is giving out the card just to help the poor. Hack and take money directly from any atm machine vault with the use of atm programmed card which runs in automatic mode.

You can also contact them for the service below

* Western Union Transfer Hack

* Bank Transfer Hack

* PayPal / Skrill Transfer Hack

* Crypto Mining Hack

* CashApp Transfer Hack

Email: [email protected] OR [email protected]

Text & Call or WhatsApp: +18033921735

Visit: https://darkwebcycberhackers.com/
  • 0
  • ·
  • 0
More
  • Bitcoin (btc) $36,908.00 (+2.21%)
  • Ethereum (eth) $2,374.19 (-0.68%)
  • Tether (usdt) $1.00 (-0.14%)
  • Binance Coin (bnb) $386.83 (+6.10%)
  • USD Coin (usdc) $0.994324 (-1.12%)
  • Bitcoin (btc) $36,908.00 (+2.21%)
Jul 15, 2021 (Thursday)
13:30
BTC Surges by 1.16% Within 5 Mins, Marking 31,824.01 USDT
12:06
BTC Surges by 1.12% Within 5 Mins, Marking 32,104.8 USDT
10:25
BTC Drops by 1.03% Within 5 Mins, Marking 32,171.88 USDT
02:13
TriumphX Scouts 'MINAMCOMPANY' CEO Woo-Seong Lee As Creative Director
02:00
ETH Tops List Of Crypto Net Inflow With $298.96 Mln In Past 10 Hours
Jul 14, 2021 (Wednesday)
13:14
BTC Surges by 1.03% Within 5 Mins, Marking 32,738.08 USDT
09:03
BTC Surges by 1.01% Within 5 Mins, Marking 31,899 USDT
02:30
Crypto Market Sentiment On Jul 14: Market In "Extreme Fear"
02:00
ETH Tops List Of Crypto Net Outflow With $224.97 Mln In Past 10 Hours
Jul 13, 2021 (Tuesday)
02:30
Crypto Market Sentiment On Jul 13: Market In "Extreme Fear"
02:00
ETH Tops List Of Crypto Net Outflow With $178.61 Mln In Past 10 Hours
Jul 12, 2021 (Monday)
02:30
Crypto Market Sentiment On Jul 12: Market In "Extreme Fear"
02:00
BTC Tops List Of Crypto Net Inflow With $164.82 Mln In Past 10 Hours
Jul 11, 2021 (Sunday)
21:31
BTC Surges by 1.02% Within 5 Mins, Marking 34,475.6 USDT
10:00
ETH Tops List Of Crypto Net Inflow With $122.76 Mln In Past 18 Hours
06:17
SOBA Listed On LATOKEN
02:30
Crypto Market Sentiment On Jul 11: Market In "Extreme Fear"
02:00
BTC Tops List Of Crypto Net Outflow With $87.56 Mln In Past 10 Hours
Jul 9, 2021 (Friday)
21:40
BTC Surges by 1.08% Within 5 Mins, Marking 33,911.8 USDT
02:30
Crypto Market Sentiment On Jul 09: Market In "Extreme Fear"
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft