Binance Launches CBB-Regulated Branch Platform in Bahrain
CoinEdition
Published Oct 27, 2022 12:01PM ET
Updated Oct 27, 2022 12:30PM ET
Binance Launches CBB-Regulated Branch Platform in Bahrain
- Today, Binance launches its Bahrain platform, binance.bh.
- Binance Bahrain platform will be a fully regulated platform by the CBB.
- Bahrain users can access Binance’s full range of regulated crypto-asset exchange services.
Today, Binance launches its Bahrain platform, binance.bh. Binance Bahrain platform will be a fully regulated platform by the Central Bank of Bahrain (CBB).
When it comes to CBB, the bank provides an efficient regulatory framework for crypto financial services firms in Bahrain looking to work with crypto.
On Monday, LuLu became the first hypermarket in Bahrain to accept crypto. Customers at Lulu will be able to make purchases in crypto and use the Eazy machines at checkout.
In another report by Chainalysis, the Middle East & North Africa (MENA) was one of the smaller crypto markets in the 2022 Global Crypto Adoption Index study, but it’s also the region with the fastest growth in crypto transactions.
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