.binance still needs to apply for a license to operate in Bahrain after receiving in-principle approval from the country's central bank.
Bahrain's capital, Manama
Bahrain has become the first Middle East-North Africa country to give Binance approval in principle to establish itself as a crypto-asset service provider. Binance, the world’s leading cryptocurrency exchanges by trading volume, still has to complete the full application process to acquire a license from the Central Bank of Bahrain. The company said in a press release it expects to complete the process in due course.
It also registered Binance Canada Capital Markets with the Financial Transactions and Reports Analysis Centre of Canada , the country’s anti-money laundering and anti-terrorism financing regulator, Binance CEO Changpeng “CZ” Zhao tweeted. According toThe developments are part of Binance’s plan to become a fully regulated centralized cryptocurrency exchange.
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