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Cryptocurrency exchange platform Binance has announced it was granted a crypto-asset service provider license by the Central Bank of Bahrain (CBB) to operate in the kingdom.
It is the company’s first license as a crypto-asset provider in The Cooperation Council for the Arab States of the Gulf (GCC) and shows the region’s commitment to transform its economy and shift towards the world of blockchain-based assets.
Binance is compiled to meet the strong criteria of the CBB by exceeding the requirements of the regulatory body and providing strong AML and counter-terrorism financing policies. The crypto-asset license allows Binance to offer crypto-asset trading of more than 600 altcoins and cryptos (including BTC, ETH, ADA, XRP, BNB, and LUNA), custodial services, and portfolio management to customers under the supervision of the CBB.
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