Binance subsidiary obtains payment service provider license in Bahrain

ChainCatcher news, the Central Bank of Bahrain (CBB) has granted a payment service provider license to Binance subsidiary BPay Global to operate in the Kingdom of Bahrain. The PSP license will allow the company to offer fiat services to Binance customers globally, including fiat deposits and withdrawals, custody, and other payment services. This is also the first payment service provider license obtained by a company under Binance.