Cryptocurrency exchange Binance receives in-principle approval from the Central Bank of Bahrain to become a crypto assets service provider in the Kingdom of Bahrain, according to a release. The approval comes after the company applied for a license from the central bank as part of its plans to become a fully-regulated centralised crypto exchange. Still, the approval requires Binance to complete the full application process for a license, which is expected to be completed in due course, the release says. Meanwhile, bitcoin (BTC-USD +3.4%), ethereum (ETH-USD +1.1%) and binance coin (BNB-USD +2.2%), are all starting the last week of the year on a strong note. In mid-December, Binance withdrew its application to run a Singapore-based exchange.