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Binance gets green light from Canada and Bahrain
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Binance is celebrating the new year with approvals from two different sides of the world.
The crypto exchange has been granted an in-principle license by the Central Bank of Bahrain to operate as a crypto asset service provider in the Kingdom of Bahrain. According to the announcement, the in-principle approval a first for a Binance entity in the Middle East and North Africa region.
In a statement, Binance CEO CZ said that approval from national regulators is "essential to build trust in crypto and blockchain and help further improve mass adoption."
When it comes to licensing, it is "a matter of formalities,'" according to Abdulkarim Haji, director for licensing at the country's central bank. He highlighted Bahrain as the ideal location for
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