您现在的位置是:Binance can now legally operate in Bahrain following regulatory approval >>正文
Binance can now legally operate in Bahrain following regulatory approval
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛67572人已围观
简介The score is Binance's first regulatory approval in the Gulf as a VASPThe exchange has been courting...
- The score is Binance's first regulatory approval in the Gulf as a VASP
- The exchange has been courting the Middle East with initiatives in countries within the region, including Dubai
Binance, the largest crypto exchange by trading volume, is stretching its wings in the Middle East further.
The exchange announced on Monday that it had won full approval from the Central Bank of Bahrain (CBB) to legally operate in the Kingdom of Bahrain. By receiving the licence, Binance became the first crypto asset provider allowed to offer fully regulated services within the larger Cooperation Council for the Arab States of the Gulf (GCC).
The Bahrain approval comes amidst efforts by Binance to seek regulatory approval and compliance around the world. CEO of the exchange, Changpeng Zhao, explained that the approval shows Binance's commitment to ensuring the consumer is protected via regulatory ropes. The exchange is concurrently implementing strict anti-money laundering tools and anti-terror financing mechanisms.
"I'm proud of the hard work of the Binance team to meet the stringent criteria of the Central Bank of Bahrain, not just locally but globally by ensuring that we meet and exceed the requirements of regulators and protect users with strong anti-money laundering and counter-terrorism financing policies,"CZ said in the official press release.
Win-win agreement
The new licence would allow Binance to offer crypto trading and custodial services to a new consumer base. The exchange would also now provide customers with portfolio management services.
On its part, Bahrain intends to use the Binance brand to help grow its blockchain and crypto spaces with the ultimate goal of becoming a major business hub. According to the CEO of the Bahrain Economic Development Board (EDB), Khalid Humaidan, partnering with industry movers such as Binance is key to achieving this ambition.
"Team Bahrain has built a world-class infrastructure to support the fast-growing blockchain and crypto industry, with robust regulations and diverse talent within the financial services, fintech and technology sectors. Collaboration with industry leaders such as Binance will further enhance our mission to establish the Kingdom of Bahrain as a leading business hub,"he said.
Pushing into the Middle East
Binance is seeking to capture the Middle East crypto market and has launched a number of initiatives to this effect.
According to a recent report by Bloomberg, the crypto exchange is currently in talks with the Dubai World Trade Centre (DWTC) free zone to gain a licence to operate as a virtual asset service provider.
This follows an MoU that the exchange reached with the DWTC last December to help establish a regulatory framework in a bid to hasten the creation of a digital assets hub in Dubai.
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/58747.html
相关文章
These buoyant seabricks enable construction on water
Binance can now legally operate in Bahrain following regulatory approvalBy subscribing, you agree to our Terms of Use and Policies You may unsubscribe at any time.Seabrick,...
阅读更多
Venera 9 lander: NASA aims to send a lander that can survive Venus' crushing atmosphere
Binance can now legally operate in Bahrain following regulatory approvalBy subscribing, you agree to our Terms of Use and Policies You may unsubscribe at any time.You may b...
阅读更多
European Commission seeks advice on its public sector blockchain project
Binance can now legally operate in Bahrain following regulatory approvalThe advice needed is in regards to the operation of an EBSI infrastructureThe European Commission wi...
阅读更多
热门文章
- World's first Smart Rainforest will restore this Australian rainforest
- BNB price prediction: Is it safe to buy Binance Coin now?
- BlackSky enters final phase of IARPA's SMART program
- Cerus Markets Announces 400:1 Leverage Update
- US firm pilots 'bubble curtains' for offshore wind turbine construction
- STEPN (GMT) price rising on Apple Pay integration
最新文章
A new space observatory will detect asteroids hidden in Sun's glare
IOTA sells off as altcoins follow Bitcoin lower
Bitfinex and Chile’s OrionX partner to accelerate crypto adoption in Latin America
Tesla releases Cybertruck crash test video with surprising end
Will PEPE go back up after losing more than 12% of its value in the last 24 hours?
Disney debuts cute, roller skating robot bunny to 'emotionally connect' with visitors