Binance Set to Become Official Crypto Asset Service Provider of Bahrain

Binance has received approval from the Central Bank of Bahrain (CBB) to become the crypto asset service provide in the kingdom, the company said on Monday.

The world’s biggest cryptocurrency exchange by trading volume, said the approval came after the company applied for a license from the CBB as part of its plan to fully regulatory centralized cryptocurrency exchange.

However, the company said the complete application is still in process and expected to complete in due course.