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Main crypto alternate Binance, introduced as we speak that it has been granted a crypto-asset service supplier license from the Central Financial institution of Bahrain (CBB). Additional, this license for Binance represents its first approval as a crypto-asset supplier in The Cooperation Council for the Arab States of the Gulf (GCC).
“I want to thank Group Bahrain, guided by the visionary management of HRH Prince Salman bin Hamad Al Khalifa, Crown Prince, and Prime Minister, for the nice work in facilitating this achievement. Group Bahrain has proven appreciable foresight in its growth of crypto rules and offers the regulatory protections that customers ought to come to anticipate from regulators…”
– Changpeng Zhao (CZ), Founder & CEO of Binance
The brand new crypto-asset license will permit Binance to supply crypto-asset buying and selling, custodial providers, and portfolio administration to clients below the supervision of the Bahrain regulators.
“Group Bahrain has constructed a world-class infrastructure to help the fast-growing blockchain and crypto business, with sturdy rules and numerous expertise inside the monetary providers, fintech, and know-how sectors.”
– Khalid Humaidan, CEO of the Bahrain Financial Growth Board (EDB)
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