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Most notably, Crypto.com secured a virtual asset service provider license from Dubai\u2019s Virtual Assets Regulatory Authority (VARA) in November 2023, which allows it to operate across the UAE under an agreement established by VARA earlier in the year.<\/p>\n\n\n\n

Crypto.com\u2019s expansion is not without challenges. In July 2023, the exchange faced a $3 million fine from the Dutch Central Bank for operating without a proper license for over two years. Despite this, the platform successfully registered in the Netherlands and continues to expand its regulatory footprint globally.<\/p>\n","post_title":"Crypto.com Obtains Payment Service License From Bahrain Central Bank","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-com-obtains-payment-service-license-from-bahrain-central-bank","to_ping":"","pinged":"","post_modified":"2024-09-23 20:29:28","post_modified_gmt":"2024-09-23 10:29:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18820","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The Bahrain license marks another milestone in Crypto.com\u2019s global expansion strategy. The platform has been steadily extending its footprint, recently receiving regulatory approval in several other regions, including Singapore, France, Australia, and the United Kingdom, Cointelegraph reported<\/a>. \u00a0<\/p>\n\n\n\n

Most notably, Crypto.com secured a virtual asset service provider license from Dubai\u2019s Virtual Assets Regulatory Authority (VARA) in November 2023, which allows it to operate across the UAE under an agreement established by VARA earlier in the year.<\/p>\n\n\n\n

Crypto.com\u2019s expansion is not without challenges. In July 2023, the exchange faced a $3 million fine from the Dutch Central Bank for operating without a proper license for over two years. Despite this, the platform successfully registered in the Netherlands and continues to expand its regulatory footprint globally.<\/p>\n","post_title":"Crypto.com Obtains Payment Service License From Bahrain Central Bank","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-com-obtains-payment-service-license-from-bahrain-central-bank","to_ping":"","pinged":"","post_modified":"2024-09-23 20:29:28","post_modified_gmt":"2024-09-23 10:29:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18820","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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ADVERTISEMENT
\n

\u201cBahrain has been working to create an innovation-friendly crypto and fintech ecosystem, which has involved putting in place clear regulation that balances consumer protection with commercialization,\u201d<\/em> Eric Anziani, the President and COO of Crypto.com, said. \u201cWe appreciate the work of the Kingdom and look forward to progressing our relationship as we play our part in growing the crypto industry in Bahrain and across the GCC.\u201d<\/em><\/p>\n\n\n\n

The Bahrain license marks another milestone in Crypto.com\u2019s global expansion strategy. The platform has been steadily extending its footprint, recently receiving regulatory approval in several other regions, including Singapore, France, Australia, and the United Kingdom, Cointelegraph reported<\/a>. \u00a0<\/p>\n\n\n\n

Most notably, Crypto.com secured a virtual asset service provider license from Dubai\u2019s Virtual Assets Regulatory Authority (VARA) in November 2023, which allows it to operate across the UAE under an agreement established by VARA earlier in the year.<\/p>\n\n\n\n

Crypto.com\u2019s expansion is not without challenges. In July 2023, the exchange faced a $3 million fine from the Dutch Central Bank for operating without a proper license for over two years. Despite this, the platform successfully registered in the Netherlands and continues to expand its regulatory footprint globally.<\/p>\n","post_title":"Crypto.com Obtains Payment Service License From Bahrain Central Bank","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-com-obtains-payment-service-license-from-bahrain-central-bank","to_ping":"","pinged":"","post_modified":"2024-09-23 20:29:28","post_modified_gmt":"2024-09-23 10:29:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18820","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Crypto.com\u2019s Global Expansion Path<\/h2>\n\n\n\n

\u201cBahrain has been working to create an innovation-friendly crypto and fintech ecosystem, which has involved putting in place clear regulation that balances consumer protection with commercialization,\u201d<\/em> Eric Anziani, the President and COO of Crypto.com, said. \u201cWe appreciate the work of the Kingdom and look forward to progressing our relationship as we play our part in growing the crypto industry in Bahrain and across the GCC.\u201d<\/em><\/p>\n\n\n\n

The Bahrain license marks another milestone in Crypto.com\u2019s global expansion strategy. The platform has been steadily extending its footprint, recently receiving regulatory approval in several other regions, including Singapore, France, Australia, and the United Kingdom, Cointelegraph reported<\/a>. \u00a0<\/p>\n\n\n\n

Most notably, Crypto.com secured a virtual asset service provider license from Dubai\u2019s Virtual Assets Regulatory Authority (VARA) in November 2023, which allows it to operate across the UAE under an agreement established by VARA earlier in the year.<\/p>\n\n\n\n

Crypto.com\u2019s expansion is not without challenges. In July 2023, the exchange faced a $3 million fine from the Dutch Central Bank for operating without a proper license for over two years. Despite this, the platform successfully registered in the Netherlands and continues to expand its regulatory footprint globally.<\/p>\n","post_title":"Crypto.com Obtains Payment Service License From Bahrain Central Bank","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-com-obtains-payment-service-license-from-bahrain-central-bank","to_ping":"","pinged":"","post_modified":"2024-09-23 20:29:28","post_modified_gmt":"2024-09-23 10:29:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18820","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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ADVERTISEMENT
\n

See Related: <\/em><\/strong>CryptoCom Removes Doge, Shiba Inu Among Others From Its Crypto Earn Program<\/a><\/p>\n\n\n\n

Crypto.com\u2019s Global Expansion Path<\/h2>\n\n\n\n

\u201cBahrain has been working to create an innovation-friendly crypto and fintech ecosystem, which has involved putting in place clear regulation that balances consumer protection with commercialization,\u201d<\/em> Eric Anziani, the President and COO of Crypto.com, said. \u201cWe appreciate the work of the Kingdom and look forward to progressing our relationship as we play our part in growing the crypto industry in Bahrain and across the GCC.\u201d<\/em><\/p>\n\n\n\n

The Bahrain license marks another milestone in Crypto.com\u2019s global expansion strategy. The platform has been steadily extending its footprint, recently receiving regulatory approval in several other regions, including Singapore, France, Australia, and the United Kingdom, Cointelegraph reported<\/a>. \u00a0<\/p>\n\n\n\n

Most notably, Crypto.com secured a virtual asset service provider license from Dubai\u2019s Virtual Assets Regulatory Authority (VARA) in November 2023, which allows it to operate across the UAE under an agreement established by VARA earlier in the year.<\/p>\n\n\n\n

Crypto.com\u2019s expansion is not without challenges. In July 2023, the exchange faced a $3 million fine from the Dutch Central Bank for operating without a proper license for over two years. Despite this, the platform successfully registered in the Netherlands and continues to expand its regulatory footprint globally.<\/p>\n","post_title":"Crypto.com Obtains Payment Service License From Bahrain Central Bank","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-com-obtains-payment-service-license-from-bahrain-central-bank","to_ping":"","pinged":"","post_modified":"2024-09-23 20:29:28","post_modified_gmt":"2024-09-23 10:29:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18820","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Crypto.com\u2019s license allows it to offer a range of payment services, including e-money and fiat operations, enabling the exchange to integrate its services deeper into the GCC\u2019s financial infrastructure, the company reported<\/a>.<\/p>\n\n\n\n

See Related: <\/em><\/strong>CryptoCom Removes Doge, Shiba Inu Among Others From Its Crypto Earn Program<\/a><\/p>\n\n\n\n

Crypto.com\u2019s Global Expansion Path<\/h2>\n\n\n\n

\u201cBahrain has been working to create an innovation-friendly crypto and fintech ecosystem, which has involved putting in place clear regulation that balances consumer protection with commercialization,\u201d<\/em> Eric Anziani, the President and COO of Crypto.com, said. \u201cWe appreciate the work of the Kingdom and look forward to progressing our relationship as we play our part in growing the crypto industry in Bahrain and across the GCC.\u201d<\/em><\/p>\n\n\n\n

The Bahrain license marks another milestone in Crypto.com\u2019s global expansion strategy. The platform has been steadily extending its footprint, recently receiving regulatory approval in several other regions, including Singapore, France, Australia, and the United Kingdom, Cointelegraph reported<\/a>. \u00a0<\/p>\n\n\n\n

Most notably, Crypto.com secured a virtual asset service provider license from Dubai\u2019s Virtual Assets Regulatory Authority (VARA) in November 2023, which allows it to operate across the UAE under an agreement established by VARA earlier in the year.<\/p>\n\n\n\n

Crypto.com\u2019s expansion is not without challenges. In July 2023, the exchange faced a $3 million fine from the Dutch Central Bank for operating without a proper license for over two years. Despite this, the platform successfully registered in the Netherlands and continues to expand its regulatory footprint globally.<\/p>\n","post_title":"Crypto.com Obtains Payment Service License From Bahrain Central Bank","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-com-obtains-payment-service-license-from-bahrain-central-bank","to_ping":"","pinged":"","post_modified":"2024-09-23 20:29:28","post_modified_gmt":"2024-09-23 10:29:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18820","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Bahrain has emerged as a key player in the Middle East\u2019s crypto and fintech ecosystem, attracting attention from industry giants. In addition to Crypto.com, other major exchanges like Binance and BitOasis have secured licenses to operate in the country, with Binance receiving its license in March 2022 and BitOasis in 2023.<\/p>\n\n\n\n

Crypto.com\u2019s license allows it to offer a range of payment services, including e-money and fiat operations, enabling the exchange to integrate its services deeper into the GCC\u2019s financial infrastructure, the company reported<\/a>.<\/p>\n\n\n\n

See Related: <\/em><\/strong>CryptoCom Removes Doge, Shiba Inu Among Others From Its Crypto Earn Program<\/a><\/p>\n\n\n\n

Crypto.com\u2019s Global Expansion Path<\/h2>\n\n\n\n

\u201cBahrain has been working to create an innovation-friendly crypto and fintech ecosystem, which has involved putting in place clear regulation that balances consumer protection with commercialization,\u201d<\/em> Eric Anziani, the President and COO of Crypto.com, said. \u201cWe appreciate the work of the Kingdom and look forward to progressing our relationship as we play our part in growing the crypto industry in Bahrain and across the GCC.\u201d<\/em><\/p>\n\n\n\n

The Bahrain license marks another milestone in Crypto.com\u2019s global expansion strategy. The platform has been steadily extending its footprint, recently receiving regulatory approval in several other regions, including Singapore, France, Australia, and the United Kingdom, Cointelegraph reported<\/a>. \u00a0<\/p>\n\n\n\n

Most notably, Crypto.com secured a virtual asset service provider license from Dubai\u2019s Virtual Assets Regulatory Authority (VARA) in November 2023, which allows it to operate across the UAE under an agreement established by VARA earlier in the year.<\/p>\n\n\n\n

Crypto.com\u2019s expansion is not without challenges. In July 2023, the exchange faced a $3 million fine from the Dutch Central Bank for operating without a proper license for over two years. Despite this, the platform successfully registered in the Netherlands and continues to expand its regulatory footprint globally.<\/p>\n","post_title":"Crypto.com Obtains Payment Service License From Bahrain Central Bank","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-com-obtains-payment-service-license-from-bahrain-central-bank","to_ping":"","pinged":"","post_modified":"2024-09-23 20:29:28","post_modified_gmt":"2024-09-23 10:29:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18820","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Crypto.com has become the latest major crypto exchange to receive a full payment service license from the Central Bank of Bahrain (CBB). Through this expansion, the company plans to expand its presence in the Gulf region, provide a range of services, from e-money transactions and issue prepaid cards across the Gulf Cooperation Council (GCC) states.<\/p>\n\n\n\n

Bahrain has emerged as a key player in the Middle East\u2019s crypto and fintech ecosystem, attracting attention from industry giants. In addition to Crypto.com, other major exchanges like Binance and BitOasis have secured licenses to operate in the country, with Binance receiving its license in March 2022 and BitOasis in 2023.<\/p>\n\n\n\n

Crypto.com\u2019s license allows it to offer a range of payment services, including e-money and fiat operations, enabling the exchange to integrate its services deeper into the GCC\u2019s financial infrastructure, the company reported<\/a>.<\/p>\n\n\n\n

See Related: <\/em><\/strong>CryptoCom Removes Doge, Shiba Inu Among Others From Its Crypto Earn Program<\/a><\/p>\n\n\n\n

Crypto.com\u2019s Global Expansion Path<\/h2>\n\n\n\n

\u201cBahrain has been working to create an innovation-friendly crypto and fintech ecosystem, which has involved putting in place clear regulation that balances consumer protection with commercialization,\u201d<\/em> Eric Anziani, the President and COO of Crypto.com, said. \u201cWe appreciate the work of the Kingdom and look forward to progressing our relationship as we play our part in growing the crypto industry in Bahrain and across the GCC.\u201d<\/em><\/p>\n\n\n\n

The Bahrain license marks another milestone in Crypto.com\u2019s global expansion strategy. The platform has been steadily extending its footprint, recently receiving regulatory approval in several other regions, including Singapore, France, Australia, and the United Kingdom, Cointelegraph reported<\/a>. \u00a0<\/p>\n\n\n\n

Most notably, Crypto.com secured a virtual asset service provider license from Dubai\u2019s Virtual Assets Regulatory Authority (VARA) in November 2023, which allows it to operate across the UAE under an agreement established by VARA earlier in the year.<\/p>\n\n\n\n

Crypto.com\u2019s expansion is not without challenges. In July 2023, the exchange faced a $3 million fine from the Dutch Central Bank for operating without a proper license for over two years. Despite this, the platform successfully registered in the Netherlands and continues to expand its regulatory footprint globally.<\/p>\n","post_title":"Crypto.com Obtains Payment Service License From Bahrain Central Bank","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-com-obtains-payment-service-license-from-bahrain-central-bank","to_ping":"","pinged":"","post_modified":"2024-09-23 20:29:28","post_modified_gmt":"2024-09-23 10:29:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18820","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n
  • Bahrain has become a key hub for crypto and fintech companies in the Middle East, attracting major exchanges like Binance and BitOasis.<\/li>\n<\/ul>\n\n\n\n

    Crypto.com has become the latest major crypto exchange to receive a full payment service license from the Central Bank of Bahrain (CBB). Through this expansion, the company plans to expand its presence in the Gulf region, provide a range of services, from e-money transactions and issue prepaid cards across the Gulf Cooperation Council (GCC) states.<\/p>\n\n\n\n

    Bahrain has emerged as a key player in the Middle East\u2019s crypto and fintech ecosystem, attracting attention from industry giants. In addition to Crypto.com, other major exchanges like Binance and BitOasis have secured licenses to operate in the country, with Binance receiving its license in March 2022 and BitOasis in 2023.<\/p>\n\n\n\n

    Crypto.com\u2019s license allows it to offer a range of payment services, including e-money and fiat operations, enabling the exchange to integrate its services deeper into the GCC\u2019s financial infrastructure, the company reported<\/a>.<\/p>\n\n\n\n

    See Related: <\/em><\/strong>CryptoCom Removes Doge, Shiba Inu Among Others From Its Crypto Earn Program<\/a><\/p>\n\n\n\n

    Crypto.com\u2019s Global Expansion Path<\/h2>\n\n\n\n

    \u201cBahrain has been working to create an innovation-friendly crypto and fintech ecosystem, which has involved putting in place clear regulation that balances consumer protection with commercialization,\u201d<\/em> Eric Anziani, the President and COO of Crypto.com, said. \u201cWe appreciate the work of the Kingdom and look forward to progressing our relationship as we play our part in growing the crypto industry in Bahrain and across the GCC.\u201d<\/em><\/p>\n\n\n\n

    The Bahrain license marks another milestone in Crypto.com\u2019s global expansion strategy. The platform has been steadily extending its footprint, recently receiving regulatory approval in several other regions, including Singapore, France, Australia, and the United Kingdom, Cointelegraph reported<\/a>. \u00a0<\/p>\n\n\n\n

    Most notably, Crypto.com secured a virtual asset service provider license from Dubai\u2019s Virtual Assets Regulatory Authority (VARA) in November 2023, which allows it to operate across the UAE under an agreement established by VARA earlier in the year.<\/p>\n\n\n\n

    Crypto.com\u2019s expansion is not without challenges. In July 2023, the exchange faced a $3 million fine from the Dutch Central Bank for operating without a proper license for over two years. Despite this, the platform successfully registered in the Netherlands and continues to expand its regulatory footprint globally.<\/p>\n","post_title":"Crypto.com Obtains Payment Service License From Bahrain Central Bank","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-com-obtains-payment-service-license-from-bahrain-central-bank","to_ping":"","pinged":"","post_modified":"2024-09-23 20:29:28","post_modified_gmt":"2024-09-23 10:29:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18820","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

    Most Read

    Subscribe To Our Newsletter

    By subscribing, you agree with our privacy and terms.

    Follow The Distributed

    Twitter Instagram Youtube LinkedIn Facebook RSS
    ADVERTISEMENT
    \n
  • The license allows the company to offer services like e-money transactions and prepaid card issuance in the region.<\/li>\n\n\n\n
  • Bahrain has become a key hub for crypto and fintech companies in the Middle East, attracting major exchanges like Binance and BitOasis.<\/li>\n<\/ul>\n\n\n\n

    Crypto.com has become the latest major crypto exchange to receive a full payment service license from the Central Bank of Bahrain (CBB). Through this expansion, the company plans to expand its presence in the Gulf region, provide a range of services, from e-money transactions and issue prepaid cards across the Gulf Cooperation Council (GCC) states.<\/p>\n\n\n\n

    Bahrain has emerged as a key player in the Middle East\u2019s crypto and fintech ecosystem, attracting attention from industry giants. In addition to Crypto.com, other major exchanges like Binance and BitOasis have secured licenses to operate in the country, with Binance receiving its license in March 2022 and BitOasis in 2023.<\/p>\n\n\n\n

    Crypto.com\u2019s license allows it to offer a range of payment services, including e-money and fiat operations, enabling the exchange to integrate its services deeper into the GCC\u2019s financial infrastructure, the company reported<\/a>.<\/p>\n\n\n\n

    See Related: <\/em><\/strong>CryptoCom Removes Doge, Shiba Inu Among Others From Its Crypto Earn Program<\/a><\/p>\n\n\n\n

    Crypto.com\u2019s Global Expansion Path<\/h2>\n\n\n\n

    \u201cBahrain has been working to create an innovation-friendly crypto and fintech ecosystem, which has involved putting in place clear regulation that balances consumer protection with commercialization,\u201d<\/em> Eric Anziani, the President and COO of Crypto.com, said. \u201cWe appreciate the work of the Kingdom and look forward to progressing our relationship as we play our part in growing the crypto industry in Bahrain and across the GCC.\u201d<\/em><\/p>\n\n\n\n

    The Bahrain license marks another milestone in Crypto.com\u2019s global expansion strategy. The platform has been steadily extending its footprint, recently receiving regulatory approval in several other regions, including Singapore, France, Australia, and the United Kingdom, Cointelegraph reported<\/a>. \u00a0<\/p>\n\n\n\n

    Most notably, Crypto.com secured a virtual asset service provider license from Dubai\u2019s Virtual Assets Regulatory Authority (VARA) in November 2023, which allows it to operate across the UAE under an agreement established by VARA earlier in the year.<\/p>\n\n\n\n

    Crypto.com\u2019s expansion is not without challenges. In July 2023, the exchange faced a $3 million fine from the Dutch Central Bank for operating without a proper license for over two years. Despite this, the platform successfully registered in the Netherlands and continues to expand its regulatory footprint globally.<\/p>\n","post_title":"Crypto.com Obtains Payment Service License From Bahrain Central Bank","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-com-obtains-payment-service-license-from-bahrain-central-bank","to_ping":"","pinged":"","post_modified":"2024-09-23 20:29:28","post_modified_gmt":"2024-09-23 10:29:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18820","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

    Most Read

    Subscribe To Our Newsletter

    By subscribing, you agree with our privacy and terms.

    Follow The Distributed

    Twitter Instagram Youtube LinkedIn Facebook RSS
    ADVERTISEMENT
    \n
      \n
    • The license allows the company to offer services like e-money transactions and prepaid card issuance in the region.<\/li>\n\n\n\n
    • Bahrain has become a key hub for crypto and fintech companies in the Middle East, attracting major exchanges like Binance and BitOasis.<\/li>\n<\/ul>\n\n\n\n

      Crypto.com has become the latest major crypto exchange to receive a full payment service license from the Central Bank of Bahrain (CBB). Through this expansion, the company plans to expand its presence in the Gulf region, provide a range of services, from e-money transactions and issue prepaid cards across the Gulf Cooperation Council (GCC) states.<\/p>\n\n\n\n

      Bahrain has emerged as a key player in the Middle East\u2019s crypto and fintech ecosystem, attracting attention from industry giants. In addition to Crypto.com, other major exchanges like Binance and BitOasis have secured licenses to operate in the country, with Binance receiving its license in March 2022 and BitOasis in 2023.<\/p>\n\n\n\n

      Crypto.com\u2019s license allows it to offer a range of payment services, including e-money and fiat operations, enabling the exchange to integrate its services deeper into the GCC\u2019s financial infrastructure, the company reported<\/a>.<\/p>\n\n\n\n

      See Related: <\/em><\/strong>CryptoCom Removes Doge, Shiba Inu Among Others From Its Crypto Earn Program<\/a><\/p>\n\n\n\n

      Crypto.com\u2019s Global Expansion Path<\/h2>\n\n\n\n

      \u201cBahrain has been working to create an innovation-friendly crypto and fintech ecosystem, which has involved putting in place clear regulation that balances consumer protection with commercialization,\u201d<\/em> Eric Anziani, the President and COO of Crypto.com, said. \u201cWe appreciate the work of the Kingdom and look forward to progressing our relationship as we play our part in growing the crypto industry in Bahrain and across the GCC.\u201d<\/em><\/p>\n\n\n\n

      The Bahrain license marks another milestone in Crypto.com\u2019s global expansion strategy. The platform has been steadily extending its footprint, recently receiving regulatory approval in several other regions, including Singapore, France, Australia, and the United Kingdom, Cointelegraph reported<\/a>. \u00a0<\/p>\n\n\n\n

      Most notably, Crypto.com secured a virtual asset service provider license from Dubai\u2019s Virtual Assets Regulatory Authority (VARA) in November 2023, which allows it to operate across the UAE under an agreement established by VARA earlier in the year.<\/p>\n\n\n\n

      Crypto.com\u2019s expansion is not without challenges. In July 2023, the exchange faced a $3 million fine from the Dutch Central Bank for operating without a proper license for over two years. Despite this, the platform successfully registered in the Netherlands and continues to expand its regulatory footprint globally.<\/p>\n","post_title":"Crypto.com Obtains Payment Service License From Bahrain Central Bank","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-com-obtains-payment-service-license-from-bahrain-central-bank","to_ping":"","pinged":"","post_modified":"2024-09-23 20:29:28","post_modified_gmt":"2024-09-23 10:29:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18820","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

      Most Read

      Subscribe To Our Newsletter

      By subscribing, you agree with our privacy and terms.

      Follow The Distributed

      Twitter Instagram Youtube LinkedIn Facebook RSS
      ADVERTISEMENT

      Bahrain

      Most Read

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