Business
Crypto exchange Binance gets in-principle nod from Bahrain
Published by maria gbaf
Posted on December 27, 2021
1 min readLast updated: January 28, 2026
Global Banking and Finance Review
Company
Published by maria gbaf
Posted on December 27, 2021
1 min readLast updated: January 28, 2026
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.
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)
The article discusses Binance receiving in-principle approval from the Central Bank of Bahrain to operate as a crypto-asset service provider.
In-principle approval means that Binance has been preliminarily approved to operate, pending the completion of further regulatory requirements.
This approval is significant as it marks a step towards Binance becoming a fully regulated centralized cryptocurrency exchange.
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