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Bahrain gives Binance the green light to establish itself as crypto-asset provider
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ambcrypto.comBinance Holdings Ltd., the world’s largest cryptocurrency exchange by volume, has received in-principle approval from the Central Bank of Bahrain (CBB) to become a crypto-asset service provider. As per the statement from the company, the exchange had applied for a license as part of its larger plans to become a fully-regulated centralized cryptocurrency exchange.
Therefore, it is worth noting that the news follows Binance’s recent approval in Canada to offer crypto services.
The developments come after Binance spent months locking horns with several regulatory watchdogs globally. As part of the measures to deal with the same, Binance had also hired many influential execs in the industry, in its top offices over the last year under its better
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