Cryptocurrency Q&A
What is regulated crypto-asset services in Bahrain?
What is regulated crypto-asset services in Bahrain?
CryptoWizard
Tue Jul 09 2024
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5 answers
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In Bahrain, what constitutes regulated crypto-asset services? Are there specific activities or transactions involving cryptocurrencies that are subject to oversight and compliance requirements? Are there any licensed entities that provide these services, and if so, what are the regulatory standards they must adhere to? Clarifying these points is crucial for understanding the regulatory landscape for crypto-assets in the Kingdom of Bahrain.
5 answers
Giulia
Thu Jul 11 2024
The Central Bank of Bahrain (CBB), aiming to establish itself as a premier FinTech hub in the region, has taken a significant step towards regulating the cryptocurrency industry.
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CryptoEmpire
Thu Jul 11 2024
As part of this initiative, the CBB has issued comprehensive regulations governing 'Regulated crypto-asset services' in Bahrain.
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noah_stokes_photographer
Thu Jul 11 2024
The regulatory framework, encompassed in Volume 6 of the CBB Rulebook, outlines the requirements and standards for entities providing such services in the capital markets.
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ZenBalanced
Thu Jul 11 2024
The regulations aim to ensure that crypto-asset service providers operate in a safe and secure manner, protecting investors and maintaining financial stability.
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Chiara
Thu Jul 11 2024
Among the leading crypto-asset service providers in the market is BTCC, a UK-based cryptocurrency exchange offering a wide range of services.
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