#Binance Sets Sights on Crypto License in Bahrain - Bitcoin Forum: Free Crypto Signals - www.t.me/s/freebitmexsignals
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Binance moves closer to becoming a fully-regulated crypto exchange after receiving “in-principle approval” from the Central Bank of Bahrain.
Binance’s efforts to become fully regulated may soon be rewarded after the firm received in-principle approval from the Central Bank of Bahrain (CBB) to run operations in the Kingdom of Bahrain.
In an announcement on Monday, Binance said that CBB is “the first regulator in the Middle East North Africa (MENA) region to grant an in-principle approval to a Binance entity.”
The “in-principle approval” from CBB means that the exchange is still required to go through the full application process.
Abdulla Haji, CBB’s director for licensing, confirmed the move telling Bloomberg that once Binance completes the establishment requirements, licensing is “a matter of formalities.”
According to Haji, the Kingdom of Bahrain is “the perfect place” for Binance to set up its headquarters in
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