Bahrain ranks 1st in GCC for digital asset regulation – Gulf Insider

Bahrain ranks 1st among GCC and 7th globally for its proactive approach to crypto asset regulations. Solidus Labs #GCRindex scores key countries whose governments lead the way with effective regulations that protect consumers and encourage innovation.

Thanks to Bahrain’s forward-looking government, the Kingdom was the first country in the GCC to grant crypto-asset provider licenses setting itself as a key hub for crypto in the region.

The Government of Bahrain has welcomed the decision of the Central Bank of Bahrain to issue a Category 4 licence to Binance Bahrain as a crypto-asset service provider, a first for the Kingdom, enabling the exchange platform to provide a full-suite of crypto exchange services it has available in Bahrain.

In addition to the rights to providing crypto trading, custodial, and portfolio management services in the Kingdom, new services that will be available on the licenced Binance platform include:

•  Futures

•  Spot Trading

•  Initial Coin Offering

•  Initial Exchange Offering

Advertisement

Comments