Cryptocurrency Q&A
Does Bahrain have a crypto-asset service provider licence?
Does Bahrain have a crypto-asset service provider licence?
Stefano
Sun Jul 14 2024
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6 answers
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Could you elaborate on the current regulatory framework surrounding crypto-asset service providers in Bahrain? Specifically, does the country offer a dedicated licence for such entities? If so, what are the key requirements for obtaining such a licence and what oversight measures are in place to ensure compliance? Furthermore, how does this licence fit into the broader financial regulatory landscape in Bahrain? Lastly, are there any plans to further develop or refine this framework in the future?
6 answers
Chloe_jackson_athlete
Mon Jul 15 2024
Binance, a global leader in the cryptocurrency market, has been expanding its operations worldwide, seeking to comply with regulatory frameworks in various jurisdictions.
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Margherita
Mon Jul 15 2024
This new licence will enable Binance to provide its services, including cryptocurrency trading, to customers in Bahrain and potentially the wider GCC region.
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Leonardo
Mon Jul 15 2024
On March 15, Reuters reported that the world's largest cryptocurrency exchange, Binance, has secured a significant milestone.
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Tommaso
Mon Jul 15 2024
The Bahrain central bank has granted Binance a crypto-asset service provider licence, marking the company's first such authorisation within the Gulf Cooperation Council (GCC).
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SilenceSolitude
Mon Jul 15 2024
Bahrain, a member of the GCC, has been proactive in exploring the potential of blockchain technology and cryptocurrencies. This licence for Binance is a testament to the country's commitment to fostering a regulatory environment that supports innovation in the digital asset space.
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