Cryptocurrency Q&A
Do I need a license to operate a crypto-asset business in Bahrain?
Do I need a license to operate a crypto-asset business in Bahrain?
Elena
Wed Jul 10 2024
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6 answers
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Inquiring minds want to know: does one require a license to embark on a crypto-asset business journey in the vibrant financial landscape of Bahrain? The ever-evolving world of cryptocurrencies and digital assets begs the question of regulatory oversight. Given the increasing popularity and potential risks involved in this sector, it's crucial to understand the legal framework surrounding crypto-asset operations in Bahrain. Clarifying this regulatory uncertainty could pave the way for a smoother entry into this exciting yet complex financial frontier.
6 answers
CryptoVanguard
Fri Jul 12 2024
The Central Bank of Bahrain (CBB) has implemented strict regulations for businesses wishing to engage in crypto-asset related activities within or originating from the country.
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Eleonora
Fri Jul 12 2024
Other categories include the provision of crypto-asset exchange services, custodial services, and issuance of crypto-assets. Each category requires a separate license application and adherence to the corresponding regulations.
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Margherita
Fri Jul 12 2024
For any individual or entity aiming to market or conduct crypto-asset operations in Bahrain, a license from the CBB is mandatory.
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Martino
Fri Jul 12 2024
Applicants seeking licensure are required to categorize their services under one or more of the four specified categories defined by the CBB.
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CryptoMaven
Fri Jul 12 2024
One of the key categories is the reception and transmission of orders related to crypto-assets. This category covers businesses that facilitate the buying and selling of cryptocurrencies on behalf of clients.
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