Cryptocurrency giant Binance granted licence in Bahrain

Binance founder and CEO Changpeng Zhao praised the “stringent criteria of the Central Bank of Bahrain” in terms of anti-money laundering, at a time when most regulators around the world are wary of cryptocurrencies.

Bahrain hopes to become a regional hub for crypto asset companies, as does Dubai.

The Emirate this month also announced the adoption of a virtual assets law and the creation of a crypto asset regulatory authority.

Another major cryptocurrency exchange platform, FTX, also announced on Tuesday the launch of its operations and the opening of a regional headquarters in Dubai.

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