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    Home > Business > Crypto exchange Binance gets in-principle nod from Bahrain
    Business

    Crypto exchange Binance gets in-principle nod from Bahrain

    Published by maria gbaf

    Posted on December 27, 2021

    1 min read

    Last updated: January 28, 2026

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    Quick Summary

    Binance has obtained in-principle approval from the Central Bank of Bahrain to operate as a crypto-asset service provider, marking a step towards full regulatory compliance.

    Binance Gains Initial Approval from Bahrain's Central Bank

    DUBAI (Reuters) – Binance has received in-principle approval from the Central Bank of Bahrain (CBB) to become a crypto-asset service provider in the kingdom, the company said on Monday.

    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 CBB as part of its plans to become a fully regulated centralised cryptocurrency exchange.

    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.

    (Reporting by Hadeel Al Sayegh; Editing by Nick Macfie)

    Key Takeaways

    • •Binance received in-principle approval from Bahrain's central bank.
    • •The approval is part of Binance's regulatory compliance efforts.
    • •Binance aims to become a fully regulated crypto exchange.
    • •The approval is a step towards completing the full application process.
    • •Binance is the largest cryptocurrency exchange by trading volume.

    Frequently Asked Questions about Crypto exchange Binance gets in-principle nod from Bahrain

    1What is the main topic?

    The article discusses Binance receiving in-principle approval from the Central Bank of Bahrain to operate as a crypto-asset service provider.

    2What does in-principle approval mean?

    In-principle approval means that Binance has been preliminarily approved to operate, pending the completion of further regulatory requirements.

    3Why is this approval significant?

    This approval is significant as it marks a step towards Binance becoming a fully regulated centralized cryptocurrency exchange.

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