Binance gets authorization to operate in Bahrain, expands to Canada

The world’s biggest crypto exchange by trading volume, Binance has gotten the approval of authorities in Bahrain to operate as a crypto-asset service provider. This is in line with Binance’s motive of pursuing absolute decentralization.

However, the exchange firm would still need to complete the full application process before receiving the required license from the Central Bank of Bahrain.  

RELATED: Binance Turkey bags 8M lira fine for flouting Anti-money laundering rules


Binance is also looking to extend its tentacles to North American country Canada. According to the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), the exchange was incorporated on Dec. 1.

Binance came in for a lot of criticism for non-compliance issues from regulators across different countries, this has forced the hand of Binance CEO Changpeng Zhao and his team to pay more attention to optimizing its existing regulations and also experts in the space to bolster its interaction with regulatory bodies.

About Godwin

Godwin is a multi-faceted writer. He covers the latest and most significant news in the crypto industry for Newsbsc. Aside from his work here, he writes exceptional SEO optimized web contents for other websites in different sectors.

Check Also


Solana: The bearish rally is fatal

Solana has good support above $140 and yesterday we feared it will break, and it …

Leave a Reply

Your email address will not be published. Required fields are marked *