World’s largest crypto exchange, Binance continues to take it one leap at a time with its global expansion as a regulator-friendly exchange. This time around, following its license application, Binance has achieved in-principle approval from the Central Bank of Bahrain (CBB) to establish itself as a crypto-asset service provider in the nation.
“The approval recognizes Binance’s commitment to comply fully with regulatory requirements and our broader commitment to anchor operations and activities in Bahrain.”, said Changpeng Zhao (CZ), founder and CEO of Binance.
CBB approval makes it the first-ever regulator in the Middle East North Africa (MENA) region to grant in-principle approval to a Binance entity. However, the crypto exchange is still required to complete the full application process despite CBB approval.
Furthermore, CZ noted that global regulatory approval will guide the path to crypto and blockchain’s mass adoption. Especially, the pro-crypto CBB, which is consistent
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