.binance has been a given a license by the Kingdom of Bahrain that allows the exchange to provide crypto trading, custody and portfolio management services to its customers in Bahrain. cheyenneligon reports
The Central Bank of Bahrain has awarded crypto exchange Binance a license that allows it to operate in the country, providing services including crypto trading, custody, and portfolio management services to Bahraini customers.“The license from Bahrain is a milestone in our journey to being fully licensed and regulated around the world,” Changpeng Zhao, founder and CEO of Binance, wrote in a press announcement.
The oil-rich Kingdom of Bahrain, however, seems to regards Binance in a more positive light and sees the license as a step in the right direction for its nascent crypto industry. Khalid Humaidan, CEO of the Bahrain Economic Development Board, wrote: “Team Bahrain has built a world-class infrastructure to support the fast-growing blockchain and crypto industry, with robust regulations. … Collaboration with industry leaders such as Binance will further enhance our mission to establish the Kingdom of Bahrain as a leading business hub.
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