DUBAI, Dec 27 (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 license from the CBB as part of its plans to become a fully regulated centralized 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
