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Bahrain Becomes First Arab Nation to Comprehensively Regulate Bitcoin

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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. Khalid Hamid, the director of Banking Supervision, says: The CBB’s introduction of the rules relating to crypto-assets is in line with its goal to develop a comprehensive rules for the FinTech eco-system supporting Bahrain’s position as a leading financial hub in

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* First published on ccn.com

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