TechFlow reports that Binance Bahrain has announced the implementation of the Global Travel Rule effective June 30, 2024, to ensure compliance with regulations set by the Central Bank of Bahrain. This rule requires the provision of information about senders and recipients when transferring crypto assets. If necessary information is not provided, users' ability to receive or send crypto assets may be restricted or denied. Additionally, Binance Bahrain prohibits transfers of crypto assets to high-risk money laundering jurisdictions, including Iran and North Korea.
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