Binance Gains Bahrain Approval to Become Crypto Asset Service Provider

Binance Gains Bahrain Approval to Become Crypto Asset Service Provider
Bahrain has become the first Middle East-North Africa country to give Binance approval in principle to establish itself as a crypto-asset service provider.Binance, the world’s leading cryptocurrency exchanges by trading volume, still has to complete the full application process to acquire a license from the Central Bank of Bahrain. The company said in a press release it expects to complete the process in due course.The development is part of Binance’s plan to become a fully regulated centralized cryptocurrency exchange.During 2021 Binance drew the attention of regulators around the world for its operations, with many saying it’s not authorized to conduct…