TagBahrain

Bahrain Could Squeeze India to Re-Open its Crypto Market and Legalize Bitcoin

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Bitcoin, India, Bahrain

As per the request of the Reserve Bank of India, the country’s central banking institution, local banks have been disallowed from dealing with crypto businesses such as Bitcoin exchanges since 2018. With no immediate plans of the Supreme Court of India to reverse the decision of the country’s central bank, crypto companies have been pushed out of the local market. Consequently, Bitcoin investors...

Bahrain Becomes First Arab Nation to Comprehensively Regulate Bitcoin

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Bahrain, Bitcoin, cryptocurrency

A couple months ago, CCN reported that Bahrain had completed its draft regulations for cryptocurrencies.
The Arab nation has now completed its finalized version of the same, and it hasn’t noted much change in its positive disposition. According to a post on the Central Bank of Bahrain’s website, the country is now a safe place to do business crypto assets.

Bahrain Central Bank Publishes Draft Cryptocurrency Regulations

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bahrain cryptocurrency regulation

The central bank of Bahrain has kicked off a consultative process on cryptocurrency platforms in the kingdom by publishing the relevant draft regulations. According to the Bahrain News Agency, the draft rules — which target the operations of crypto-asset platforms — aim to provide a regulatory framework for the supervision and licensing of these services. Additionally, the draft rules...

‘A Huge Step Forward’: Bahrain Minister Hails Blockchain Technology, Urges Adoption

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Bahrain FinTech

Bahrain Minister of Electricity and Water Affairs, Dr. Abdulhussain Mirza has called blockchain technology a “true mark of progress” as he urges companies to take full advantage of its benefits. Speaking at the SmartSec Cyber Security and Blockchain Conference 2018, Mirza said the blockchain technology is an “important advancement” that helps us find a secure way to...

Bahrain’s Government is Keen on Adopting Bitcoin, Reveals Official

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Bahrain is interested in adopting digital currencies like bitcoin amid a wider impetus toward a ‘country level’ adoption of blockchain technologies. The Kingdom of Bahrain, a constitutional monarchy of over 30 islands in the Persian Gulf, is taking a bitcoin-friendly approach in its advent to become a FinTech hub in the region. Speaking at the MIT Innovation Forum in Bahrain’s capital of Manama...

Bahrain’s FinTech Sector Loses Ground to Dubai

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bahrain cryptocurrency regulation

A new report has found that Bahrain is losing ground to Dubai’s fintech sector and needs to adopt new technology to remain relevant. BMI Research said that Dubai had been the more enthusiastic of the two when it came to adoption and promotion of fintech. As a result, it has been the leading digital services hub for the area in the last two years, reports The National. BMI Research adds...

Bahrain Signs FinTech Pact with Singapore Amid Plan for ‘Country Level’ Blockchain Adoption

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Bahrain FinTech

Bahrain and Singapore are cementing their FinTech partnership with the Middle-Eastern monarchy looking to establish a FinTech ecosystem and regulatory framework to become a hub in the region. The Bahrain Economic Development Board (EDB) a public agency tasked with formulating future economy strategy for the Kingdom of Bahrain, has joined Dubai-based advisory firm Trucial Investment Partners to...

Bahrain to Host Inaugural Middle East & Africa Fintech Forum

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The first edition of the Middle East & North Africa (MENA) FinTech conference will be held in Bahrain to foster discussion about the challenges and opportunities presented by the emerging sector. The first edition of the conference will be hosted by Arab Financial Services, a prominent electronic payment processor based in Bahrain. The event will be sponsored by the Bahrain Economic...