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Binance receives licenses in Canada and Bahrain

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© Reuters. Binance receives licenses in Canada and Bahrain

Binance is celebrating the New Year with licenses from two different parts of the world.

The crypto exchange has received a general license from the Central Bank of Bahrain and can therefore operate as a provider of crypto asset services in the Kingdom of Bahrain. According to the announcement, it is the first such approval of its kind for a Binance subsidiary in the region around the Middle East and North Africa.

In a statement, Binance CEO Changpeng Zhao said approval from national regulators was “essential to build trust in crypto and blockchain and further promote mass adoption.”

Read on on Cointelegraph

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