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Binance Fully Licensed in the Kingdom of Bahrain

Binance Fully Licensed in the Kingdom of Bahrain

Changpeng Zhao’s crypto exchange has upped its presence in the Gulf after receiving approval from Bahrain’s authorities to provide services within the country.

With Middle Eastern countries like Dubai still working on their blockchain infrastructure, Bahrain has made exponential progress in the digital asset market and has lately worked with large players in the crypto industry like JPMorgan and Binance.

According to a report by Reuters, Binance will now hold the first crypto asset license in the Gulf region, giving investors access to crypto custody services, digital asset trading, and crypto asset portfolio management solutions.

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What is Polygon in Crypto? (Animated Explainer)

What is Polygon in Crypto? (Animated Explainer) What is Polygon in Crypto? (Animated Explainer)

CEO and Founder of Binance Changpeng Zhao spoke on getting fully licensed in Bahrain, highlighting the regulatory requirements on digital assets in the country, assuring that Binance works in a transparent way, with proper AML and CTF rules in place.

The road to global expansion, and securing licenses across countries worldwide turned out to be challenging yet possible for Binance

Initially, the licensing of Binance in Bahrain started back in December of 2021 when it received a financial license to operate within the country. Now, the crypto exchange is ready to offer the whole spectrum of services to investors within the country.

Aaron S., Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.



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