Crypto exchange Binance gets in-principle nod from Bahrain


FILE PHOTO Representation of cryptocurrency Binance Coin the native token of the cryptocurrency exchange is seen in this illustration taken November 29 2021. REUTERSDado RuvicIllustration

FILE PHOTO: Representation of cryptocurrency Binance Coin, the native token of the cryptocurrency exchange, is seen in this illustration taken November 29, 2021. REUTERS/Dado Ruvic/Illustration

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.

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