Binance kick-starts its platform in Bahrain
The world’s largest crypto exchange has been expanding its reigns even in the bear market. Over the past few months, it has acquired operating licenses from different nations across the globe. Last week, the exchange managed to garner a thumbs-up from the Cyprus Securities and Exchange Commission [CySEC] by acquiring a class 3 registration as a crypto asset services provider. Before that, at the beginning of the month, it received a regulatory license in Kazakhstan. Also Read: Binance: Kazakhstan’s Central Bank to use BNB Chain for its CBDC Binance’s Bahrain platform launched Similarly, back in May, the Central Bank of Bahrain [CBB] granted the exchange, a crypto-asset service provider license. Obtaining the license gave Binance permission to provide a host of crypto-related services like trading, custodial services as well as portfolio management. The exchange was able to obtain preliminary clearance for the license as early as December. The crypto...