Central Bank of Bahrain Grants PSP License to Binance’s BPay Global for Fiat Services

The Central Bank of Bahrain (CBB) has granted a payment service provider (PSP) license to BPay Global, a subsidiary of Binance Group, allowing the company to operate in the Kingdom of Bahrain. This license enables BPay Global to provide fiat services to Binance customers worldwide, including the facilitation of fiat deposits. The announcement was made through multiple sources, confirming the regulatory approval for BPay Global’s operations in Bahrain. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant