Binance has obtained several crypto service provider licenses around the world this year. These licenses generally allow it to offer cryptocurrency trading, custody and portfolio management services. But according to a recent statement from Binance founder CZ, the exchange is not done harvesting licenses!
Binance, ready to win other licenses
In a tweet on August 15, Spidey_ElonFan said, “Congratulations CZ!! Uzbekistan next??“. In response, Changpeng Zhao (CZ), CEO of Binance, said, “More trips = more licenses“. It must be said that Binance has obtained a lot of licenses this year. In March 2022, the exchange had won crypto licenses in Dubai and Bahrain. In each of the two countries, Binance has become a cryptocurrency service provider.
The world’s largest digital asset exchange had indicated that it was counting expand to the Middle East. And the licensing pair marked its first regulatory approvals in the region. Changpeng Zhao said, “The Bahrain license is an important step in our journey towards full licensing and regulation worldwide. I would like to thank the Bahrain team, guided by the visionary leadership of HRH, Prince Salman bin Hamad Al Khalifa, Crown Prince and Prime Minister, for the excellent work that facilitated this achievement.“.
For CZ, the Bahrain team is very far-sighted in implementing cryptocurrency regulations. The founder of Binance clarified that Bahrain provides “the regulatory protections consumers should expect from regulators around the world“.
The Binance team has always known how to do hard work to meet the strict criteria of Central Banks. It intends to continue in this direction and exceed the requirements of the regulators to succeed in expanding all over the world.
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