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According to the CEO of Binance, “more trips = more licenses”!

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 by the founder of Binance, CZ, the exchange has not finished collecting licenses!

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Binance, ready to win more licenses

In tweet on August 15, Spidey_ElonFan said: “ Congratulations CZ!! Uzbekistan next?? ». For any response, Changpeng Zhao (CZ), the 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 both countries, Binance has become a cryptocurrency service provider.

The world’s largest digital asset exchange had indicated that it planned to expanding into the Middle East. And the pair of licenses marked its first regulatory approvals in the region. Changpeng Zhao had said: “ The Bahrain license is an important step in our journey towards full licensing and regulation around the world. 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 showing great foresight in the implementation of regulations on cryptocurrencies. The founder of Binance had specified that Bahrain provides “ the regulatory protections consumers should expect from regulators around the world ».

Until now, the Binance team has always been able to do hard work to meet the strict criteria of Central Banks. It intends to continue in this direction and exceed the requirements of regulators in order to successfully expand all over the world.

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Writing CT

Behind the generic signature “Editorial CT” are young journalists and authors with special profiles who wish to remain anonymous because they are involved in the ecosystem with certain obligations.

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