On May 18, the Economic Development Board of the Kingdom of Bahrain announced that the Whampoa Group, a Singaporean family office, will establish a digital bank in the country. The Group plans to launch the bank before the end of the year, targeting customers all around the world. In addition
In December, Binance was granted permission to operate in Bahrain via an in-principle. The license enables Binance to continue its worldwide growth. Bahrain’s central bank has awarded Binance a license to operate in Bahrain, the first country in the Middle East, allowing the exchange to provide fully regulated services for
But the newest development shows that Binance’s worldwide expansion plans. Binance has been on a rollercoaster ride in 2021. It’s been a busy year for Binance. The world’s biggest crypto exchange has received an MSB license from Canadian regulators to sell cryptocurrency services. It also received in-principle clearance from Bahrain’s
