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Crypto exchange Binance gets in-principle nod from Bahrain

Published by maria gbaf

Posted on December 27, 2021

1 min read

· Last updated: January 28, 2026

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Binance Gains Initial Approval from Bahrain's Central Bank

DUBAI (Reuters) – Binance has received in-principle approval from the Central Bank of Bahrain (CBB) to become a crypto-asset service provider in the kingdom, the company said on Monday.

Binance, the world’s biggest cryptocurrency exchange by trading volume, said the in-principle approval came after the company applied for a licence from the CBB as part of its plans to become a fully regulated centralised cryptocurrency exchange.

Binance still had to complete the full application process, the company said in a statement, which it said it expected to happen in due course.

(Reporting by Hadeel Al Sayegh; Editing by Nick Macfie)

Key Takeaways

  • Binance received in-principle approval from Bahrain's central bank.
  • The approval is part of Binance's regulatory compliance efforts.
  • Binance aims to become a fully regulated crypto exchange.
  • The approval is a step towards completing the full application process.
  • Binance is the largest cryptocurrency exchange by trading volume.

Frequently Asked Questions

What is the main topic?
The article discusses Binance receiving in-principle approval from the Central Bank of Bahrain to operate as a crypto-asset service provider.
What does in-principle approval mean?
In-principle approval means that Binance has been preliminarily approved to operate, pending the completion of further regulatory requirements.
Why is this approval significant?
This approval is significant as it marks a step towards Binance becoming a fully regulated centralized cryptocurrency exchange.

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