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Crypto exchange Binance gets in-principle nod from Bahrain

Crypto exchange Binance gets in-principle nod from Bahrain
Crypto exchange Binance gets in-principle nod from Bahrain   -   Copyright  Thomson Reuters 2021   -  
By Reuters

<div> <p><span class="caps">DUBAI</span> – Binance has received in-principle approval from the Central Bank of Bahrain (<span class="caps">CBB</span>) to become a crypto-asset service provider in the kingdom, the company said on Monday.</p> <p>Binance, the world’s biggest cryptocurrency exchange by trading volume, said the in-principle approval came after the company applied for a licence from the <span class="caps">CBB</span> as part of its plans to become a fully regulated centralised cryptocurrency exchange.</p> <p>Binance still had to complete the full application process, the company said in a statement, which it said it expected to happen in due course. </p> <p/> </div>