Binance gets In-Principle Approval From the Central Bank of Bahrain

The cryptocurrency exchange company, Binance has got in-principle approval from the Central Bank of Bahrain (CBB), to function as a crypto-asset service provider in the country. 

Binance is the world’s biggest cryptocurrency exchange according to trading volume at present. Binance applied for a license from the CBB to work as a fully regulated centralized cryptocurrency exchange. 

Binance has said that the whole application process is yet to be completed and that the company is working on it. It will be completed soon.