• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: BREAKING: Saylor's Strategy Misses S&P 500 Inclusion, Robinhood Takes Spotlight
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: BREAKING: Saylor's Strategy Misses S&P 500 Inclusion, Robinhood Takes Spotlight
Binance

Binance To Extend Operations In Middle East, Gets Crypto License In Bahrain

Kashif (Dany) Saleem
by Kashif (Dany) Saleem
3 years ago
·
Posted in Binance
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Binance, one of the world’s biggest digital currency exchanges engaged in transactions of 600 plus cryptocurrencies, stated on Tuesday, March 15, 2022, it has won a license to perform digital assets operations in Bahrain. The permit will be strengthening its hold on the Middle East market amidst mounting scrutiny from financial regulators elsewhere.  

CEO and co-founder of Binance, Changpeng Zhao, stated;

The license from Bahrain is a milestone in our journey to being fully licensed and regulated around the world. I’m proud of the hard work of the Binance team to meet the stringent criteria of the Central Bank of Bahrain, not just locally but globally by ensuring that we meet and exceed the requirements of regulators and protect users with strong anti-money laundering and counter-terrorism financing policies.

Related Readings | Bahrain Becomes Next Country to Trial Digital Currency

According to Binance, the license provides the first venture in Middle East countries. It could open doors for crypto assets investment opportunities, controlling financial holdings, and guardian services.

Binance To Operate In Middle East Territory

Binance is a well-known, powerful giant financial investment company searching for business opportunities in the Middle East countries. The exchange is facing scrutiny from regulators in at least 12 other jurisdictions. In addition, the company’s massive crypto trading unit has drawn attention for its anti-money laundering practices and investment risks to traders around the globe.   

During the last week, British financial controllers have also shown concerns about the limited ability to access “fitness & propriety” of Digivault guardian owner as its parent company Eqonex based in Singapore made a strong collaboration with the payment division Binance. Financial Conduct Authority (FCA) still had concerns over Binance despite strictly warning the crypto exchange about doing business without proper authorization. 

New Geographic Business Expansion Plans

The Exchange is growing its businesses worldwide at a fast pace. On Monday, March 14, 2022, the company disclosed to expand business in Brazil and entered in binding agreement with Simpaul Investimentos, the securities exchange company of Brazil. As per Binance, the company is working under the central bank of Brazil and the security market regulator. In addition, the exchange is expanding further operations in the South American state. 

Binance
BNB Price currently trading at $373.7 with 0.08% growth | Sources BNB/USDT price chart from Tradingviews.com

During the last December-2021, Binance had signed an agreement with Dubai World Trade Centre to develop an “International virtual asset ecosystem” coordinating to regulate the crypto assets circulation in the United Arab Emirate. 

Related Readings | Binance Plans To Extend The Boundaries Of Crypto Industry In Non-Crypto Businesses

In 2017, Binance was founded by Changpeng Zhao, and it soon became the world’s largest cryptocurrency exchange. It processed $504 billion worth of spot trades alone in January on its platform according to data provider CryptoCompare – that’s more than any other company. In addition, this innovative firm also offers decentralized finance services like payments or investment advice and education with their blockchain projects.

 

Featured image from Pixabay and chart from Tradingviews.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Kashif (Dany) Saleem

Kashif (Dany) Saleem

Follow

Veteran crypto and finance writer & editor.

Full Profile

Related Posts

Binance

Australia Cracks Down On Binance: Orders External Audit Over Money Laundering Concerns

2 weeks ago
Binance Unrealized Profits Hit A Record 60,000 Bitcoin Despite Falling Reserves

Binance Unrealized Profits Hit A Record 60,000 Bitcoin Despite Falling Reserves

1 month ago
Binance

Binance Seeks Dismissal Of $1.7 Billion Lawsuit From FTX Estate

3 months ago
Binance

Former Binance CEO CZ Seeks Presidential Pardon From Trump After 4 Month Prison Sentence

3 months ago
Binance

Binance Founder Proposes BNB And Bitcoin For Kyrgyzstan’s Strategic Crypto Reserve

4 months ago
Binance

Binance Co-Founder Denies Testifying Against Justin Sun In US Plea Deal

4 months ago
Please login to join discussion

Premium Sponsors

Press Releases

  • miner

    XRP price battles for key support levels, with holders...

    19 hours ago
  • miner

    Global Investors Tap BAY Miner App for BTC and XRP Monthly...

    19 hours ago
  • Cloud Mining

    From Holding to Profit: How XRP Earns $27,000 Daily from...

    23 hours ago
  • minwer

    XRP Holders Can Earn $10,000 a Day Through COME...

    2 days ago
  • BTC prices hit a two-week high, and holders flocked to GMO...

    2 days ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.