• bitcoin
    Bitcoin(BTC)
    $0.00 4.63%24H
  • ethereum
    Ethereum(ETH)
    $0.00 7.65%24H
  • binance-coin
    Binance Coin(BNB)
    $0.00 8.29%24H
  • usd-coin
    USD Coin(USDC)
    $0.00 -0.04%24H
  • cardano
    Cardano(ADA)
    $0.00 5.58%24H
  • chainlink
    Chainlink(LINK)
    $0.00 7.66%24H
  • bitcoin-cash
    Bitcoin Cash(BCH)
    $0.00 5.04%24H
  • stellar
    Stellar(XLM)
    $0.00 4.19%24H
  • vechain
    VeChain(VET)
    $0.00 7.84%24H
  • tezos
    Tezos(XTZ)
    $0.00 5.65%24H
  • eosdac
    eosDAC(EOSDAC)
    $0.00 3.34%24H
Crypto Currency Bazaar 4u: Today’s Latest Worldwide News on Cryptocurrency Market delivered to the last minute, Live Crypto Price Data and Indexes, Crypto Investment & Finance opportunities & Blockchain projects, Global Crypto Classifieds
  • INVESTMENTS
    • Crypto General
    • Masternodes
    • Mining Projects
    • NFTS Investments
    • Invest In ICO
    • Exchanges
    • Staking Yeild Farming
  • WORLD
  • USA
  • CANADA
  • JAPAN
  • UK
  • UAE
  • INDIA
  • MORE
    • BRAZIL
    • AUSTRALIA
    • EL SALVADOR
    • CENTRAL AMERCIA
    • SOUTH AMERICA
    • AFRICA
    • EUROPE
    • ASIA
    • OCEANIA
    • ICO
  • Login
  • BLOCKCHAIN
  • BITCOIN
  • ETHEREUM
  • NFTS
  • ALTCOIN
  • MINING
  • VIDEOS
  • LIVERATES
  • SHOP
  • CLASSIFIEDS
  • ADVERTISE
  • SUBMIT PRESS RELEASE
HealthNews
No Result
View All Result
Home INVESTMENTS

The first regulator in the MENA region greenlights Binance, as the crypto exchange registers in Canada

CB4U by CB4U
January 3, 2022
in INVESTMENTS
0
The first regulator in the MENA region greenlights Binance, as the crypto exchange registers in Canada
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Binance recently announced receiving in-principle approval to establish itself as a crypto service provider in the Kingdom of Bahrain. 

The in-principle approval comes after the world’s leading crypto exchange by daily trading volume applied for a license from the Central Bank of Bahrain (CBB).

Binance’s commitment to the Middle East and North Africa region

The Central Bank of Bahrain greenlighted Binance to become a fully-regulated centralized cryptocurrency exchange.

Boom 🇧🇭🇧🇭🇧🇭

» Binance Awarded In-Principle Approval as a Crypto-Asset Service Provider in the Kingdom of Bahrain | Binance Support https://t.co/m3ts2e8Ge6

— CZ 🔶 Binance (@cz_binance) December 27, 2021

However, according to the announcement, the in-principle approval from CBB still requires the crypto exchange to complete the full application process.

Changpeng Zhao (CZ), founder and CEO of Binance said:

“Recognition and approval from national regulators, such as the Central Bank of Bahrain, is essential to build trust in crypto and blockchain and help further improve mass adoption,”

CBB’s progressive move makes it the first regulator in the Middle East North Africa (MENA) region to grant in-principle approval to a Binance entity.

CZ added:

“The Central Bank of Bahrain has demonstrated leadership and forethought in addressing crypto as a future asset class. I am grateful for the support from the Central Bank of Bahrain and the broader Bahrani ecosystem during the process. The approval recognizes Binance’s commitment to comply fully with regulatory requirements and our broader commitment to anchor operations and activities in Bahrain,” 

Binance obtains license in Canada, gets fined in Turkey

Meanwhile, CZ announced Binance has successfully completed Money Services Business (MSB) registration in Canada.

Boxing day. 🇨🇦 https://t.co/XmnyQIODLT

— CZ 🔶 Binance (@cz_binance) December 27, 2021

The crypto exchange’s domestic entity in Canada–Binance Canada Capital Markets–has been granted a license for foreign exchange dealing, money transferring and dealing in cryptocurrencies till the end of 2024.

Binance has been grinding hard on furthering its global footprint. At the end of last week, the crypto exchange announced signing a deal with the Dubai World Trade Centre Authority.

» Binance signs Dubai deal to work on international crypto framework, Garage – THE BUSINESS TIMES https://t.co/CaBLMdHmQn

— CZ 🔶 Binance (@cz_binance) December 23, 2021

The parties agreed to collaborate on developing a new international ecosystem and regulatory and legislative framework for crypto. 

However, the crypto exchange encountered a recent setback in Turkey, suggesting that navigating through regulatory compliance is still not quite yet smooth sailing for Binance.  

Turkey’s Financial Crimes Investigation Board (MASAK) has recently slapped Binance’s local unit with an eight million lira ($750.000) fine over violations of the country’s new regulations. 

Quadency

CryptoSlate Newsletter

Featuring a summary of the most important daily stories in the world of crypto, DeFi, NFTs and more.

Get an edge on the cryptoasset market

Access more crypto insights and context in every article as a paid member of CryptoSlate Edge.

On-chain analysis

Price snapshots

More context

Join now for $19/month Explore all benefits

Advertisement Banner
Previous Post

Solana (SOL) consumes less energy than two Google searches, report claims

Next Post

Theta enters the top-10 following 660% gains since the start of 2021

CB4U

CB4U

Next Post
Theta enters the top-10 following 660% gains since the start of 2021

Theta enters the top-10 following 660% gains since the start of 2021

Discussion about this post

RECOMMENDED

How To Spot a Rising Cryptocurrency

How To Spot a Rising Cryptocurrency

9 months ago
Discord in the Firing Line After Yuga Labs Breac

Discord in the Firing Line After Yuga Labs Breac

8 months ago

DON'T MISS

WHAT I FOUND OUT ABOUT ED & THE CRYPTO PROGRAM…

WHAT I FOUND OUT ABOUT ED & THE CRYPTO PROGRAM…

January 27, 2023
U.S. and European Police Dismantle Hive Ransomware Group

U.S. and European Police Dismantle Hive Ransomware Group

January 27, 2023
Moody’s reportedly building a stablecoin scoring system

Moody’s reportedly building a stablecoin scoring system

January 27, 2023
New York Assembly introduces crypto payments bill for fines, taxes

New York Assembly introduces crypto payments bill for fines, taxes

January 27, 2023
Crypto Currency Bazaar 4u: Today’s Latest Worldwide News on Cryptocurrency Market delivered to the last minute, Live Crypto Price Data and Indexes, Crypto Investment & Finance opportunities & Blockchain projects, Global Crypto Classifieds

The Cryptocurrency Bazaar 4U was founded in 2020 for providing the most trusted information for the Crypto enthusiasts covering a broad range of news about blockchain technology, cryptocurrency assets, emerging fintech trends in the decentralized space, and other related wide array of information surrounding this emerging technology.Our team provides the most up-to-date and accurate news from different sources in this space comprising of unbiased news, in-depth analytics, detailed cryptocurrency price charts, and insightful opinion pieces is the basis of our editorial content.

POPULAR POSTS

WHAT I FOUND OUT ABOUT ED & THE CRYPTO PROGRAM…

WHAT I FOUND OUT ABOUT ED & THE CRYPTO PROGRAM…

January 27, 2023
U.S. and European Police Dismantle Hive Ransomware Group

U.S. and European Police Dismantle Hive Ransomware Group

January 27, 2023
Moody’s reportedly building a stablecoin scoring system

Moody’s reportedly building a stablecoin scoring system

January 27, 2023

Categories

  • AFRICA
  • ALTCOIN
  • ASIA
  • AUSTRALIA
  • BITCOIN
  • BLOCKCHAIN
  • BRAZIL
  • CANADA
  • CENTRAL AMERCIA
  • CRYPTO GENERAL
  • EL SALVADOR
  • ETHEREUM
  • EUROPE
  • EXCHANGES
  • ICO
  • INDIA
  • INVERST IN ICO
  • INVESTMENTS
  • JAPAN
  • MASTERNODES
  • MINING
  • MINING PROJECTS
  • NFTS
  • NFTS INVESTMENTS
  • OCEANIA
  • SINGAPORE
  • SOUTH AMERICA
  • STAKING & YEILD FARMING
  • UAE
  • UK
  • Uncategorized
  • USA
  • VIDEOS
  • WORLD
  • CONTACT US
  • DISCLAIMER
  • PRIVACY POLICY
  • ABOUT US
  • CLASSIFIED
  • ADVERTISE
  • SUBMIT PRESS RELEASE

© cryptocurrencybazaar4u.io

No Result
View All Result
  • BLOCKCHAIN
  • BITCOIN
  • ETHEREUM
  • NFTS
  • ALTCOIN
  • MINING
  • VIDEOS
  • LIVERATES
  • SHOP
  • CLASSIFIEDS
  • ADVERTISE
  • SUBMIT PRESS RELEASE

© cryptocurrencybazaar4u.io

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoin
    Bitcoin(BTC)
    $0.00 4.63%24H
  • ethereum
    Ethereum(ETH)
    $0.00 7.65%24H
  • binance-coin
    Binance Coin(BNB)
    $0.00 8.29%24H
  • usd-coin
    USD Coin(USDC)
    $0.00 -0.04%24H
  • cardano
    Cardano(ADA)
    $0.00 5.58%24H
  • chainlink
    Chainlink(LINK)
    $0.00 7.66%24H
  • bitcoin-cash
    Bitcoin Cash(BCH)
    $0.00 5.04%24H
  • stellar
    Stellar(XLM)
    $0.00 4.19%24H
  • vechain
    VeChain(VET)
    $0.00 7.84%24H
  • tezos
    Tezos(XTZ)
    $0.00 5.65%24H
  • eosdac
    eosDAC(EOSDAC)
    $0.00 3.34%24H
en English
en Englishja Japaneseko Koreantl Filipinovi Vietnamesehi Hindibn Bengalita Tamilzu Zulusw Swahilide Germanfr Frenches Spanishpt Portugueseru Russian