To comply with the recommendations set forth in the "Financial Action Task Force standards on Virtual Assets and Virtual Asset Service Providers" and the associated solution provided by Global Travel Rule (hereinafter referred to as "GTR"), Binance Bahrain (“Binance Bahrain B.S.C. (c)” or “the Company”) will implement the following measures to ensure compliance with the Central Bank of Bahrain regulations relating to the Travel Rule.

In an increasingly regulated financial world, implementing the Travel Rule is paramount for compliance and operational success. With EU Regulation 2023/1113 setting a compliance deadline of December 30, 2024, and the UK's recent implementation of Travel Rule stirring the sector, the time to act is now.

Making crypto compliant with existing regulatory frameworks and interoperable with traditional legal and financial systems is an enormous yet hugely worthwhile task. To get there, we must achieve a certain level of standardization in how our industry goes about compliance.

We are delighted to announce that Global Travel Rule (GTR) has secured the renowned ISO 27001 and ISO 27701 certifications for meeting the international standards in information security governance and privacy information management. These latest achievements are part of our broader efforts to incorporate industry best practices across our operations.

In a significant stride forward, we are delighted to announce the expansion of the Global Travel Rule (GTR) Alliance. We've recently onboarded a host of industry-leading players including global blockchain infrastructure provider Binance, compliance solution provider CODE, identity verification platform Sumsub and travel rule solution Sygna.