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Binance Crypto Exchange Gets In-Principle Nod from Bahrain

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

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The Binance app on a smartphone. File shot by Dado Ruvic, 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.

 

•Reuters with additional editing by Jim Pollard

 

 

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Binance in Talks with Sovereign Wealth Funds: FT

 

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Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years and has a family in Bangkok.

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