Binance Subsidiary BPay Global Gains Payment License in Bahrain

Binance’s subsidiary, BPay Global, has secured a Payment Service Provider (PSP) license from the Central Bank of Bahrain (CBB). This marks a significant step for Binance in expanding its presence within regulated markets. The license enables BPay Global to offer fiat-related services like deposits and withdrawals, custodial services, and e-wallet functionality. Binance users will benefit directly from this advancement with more convenient transactions through bank transfers, debit cards, and credit cards, facilitated seamlessly through the platform.

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