Crypto Payment Infrastructure Firm Opennode to Test Bitcoin Payments in Bahrain

Opennode, a bitcoin payment infrastructure firm, recently said it will run trials of its bitcoin processing and payout solution through the Central Bank of Bahrain’s regulatory sandbox. According to Dalal Buhejji, an executive director with the Bahrain Economic Development Board, the central bank’s sandbox helps to ensure that fintechs will continue to innovate and adhere […]

Go to Source

Powered by WPeMatico

Bahrain Central Bank Issues New Regulations Governing Operations of Crowdfunding Platforms

Bahrain Central Bank Issues New Regulations Governing Operations of Crowdfunding PlatformsThe Central Bank of Bahrain (CBB) has said new regulations compelling operators of crowdfunding platforms to ensure their products are suitable for clients are set to replace existing rules which were first issued in 2017. Segregation of Client Money From Platform Operators The Central Bank of Bahrain (CBB) has issued new guidelines which apply to […]

Go to Source

Powered by WPeMatico

Binance Now Fully Licensed by Central Bank of Bahrain to Offer Crypto Services

Binance Now Fully Licensed by Central Bank of Bahrain to Offer Crypto ServicesCryptocurrency exchange Binance has announced that it has received a full license from the Central Bank of Bahrain. “The crypto asset license will allow Binance to provide crypto-asset trading, custodial services, and portfolio management to customers under the supervision of the Bahrain regulators,” said the exchange. Binance Now Licensed in Bahrain Cryptocurrency exchange Binance announced […]

Go to Source

Powered by WPeMatico

Bahrain Central Bank Completes Cross-Border Transfer Test Using JPMorgan Blockchain

The Central Bank of Bahrain (CBB), working in partnership with Bank ABC, recently announced it had successfully tested the transfer of funds across borders using JPMorgan’s JPM Coin. The test fulfills the central bank’s goal of creating safe and efficient settlement solutions for customers. Eliminating Inefficiencies in the Cross-Border Payment Arena With CBDCs Bahrain’s central […]

Go to Source

Powered by WPeMatico

Crypto Exchange Binance Receives Approval in Bahrain — Plans to Become Regulated, Centralized Worldwide

Crypto Exchange Binance Receives Approval in Bahrain — Plans to Become Fully Regulated, CentralizedBinance has received in-principle approval from the Central Bank of Bahrain to operate a cryptocurrency service provider in the country. The license is part of Binance’s “plans to become a fully-regulated centralized cryptocurrency exchange,” the crypto exchange detailed. Binance Receives In-Principle Approval in Bahrain Crypto exchange Binance announced Monday that it has “received in-principle approval […]

Go to Source

Powered by WPeMatico

Bahrain Central Bank Issues License to Shariah-Compliant Crypto Exchange

Bahrain Central Bank Issues License to Shariah-Compliant Crypto ExchangeMiddle Eastern crypto exchange Coinmena said this week that it had obtained a crypto assets services company license from the Central Bank of Bahrain (CBB) ahead of its planned launch. In receiving the license, the exchange, which has been certified by the Shariyah Review Bureau, said it had met several technical, operational, and security requirements […]

Go to Source

Powered by WPeMatico

Sharia Compliance in Bitcoin – What It’s All About, and Why Exchanges Like Beldex Seek Muslim Traders

Sharia Compliance in Bitcoin - What It's All About, and Why Exchanges Like Beldex Seek Muslim TradersMoney is a critical part of everyone’s life, and for the religious it is even viewed as a matter of eternal consequence. While those on the outside may be unaware of the importance finance takes on in circles of faith, these beliefs nonetheless affect and impact the businesses and economies of market actors everywhere, regardless […]

The post Sharia Compliance in Bitcoin – What It’s All About, and Why Exchanges Like Beldex Seek Muslim Traders appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Belfrics Granted ‘Sandbox License’ to Open Cryptocurrency Exchange in Bahrain

Belfrics Granted 'Sandbox License' to Open Cryptocurrency Exchange in BahrainThe Central Bank of Bahrain has awarded bitcoin technology provider, Belfrics Global, a sandbox license to open and operate a cryptocurrency exchange in the Arabian Gulf nation. As such, Belfrics is reported to have become the first company to receive an official mandate to open a cryptocurrency exchange in the Middle Eastern/North African region. Also […]

The post Belfrics Granted ‘Sandbox License’ to Open Cryptocurrency Exchange in Bahrain appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico