Cryptocurrency Q&A
When are crypto-asset activities deemed to be undertaken in Bahrain?
When are crypto-asset activities deemed to be undertaken in Bahrain?
Michele
Sat Jul 13 2024
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7 answers
1516
Could you elaborate on the criteria for determining when crypto-asset activities are considered to be undertaken in Bahrain? Specifically, does it depend on the residency status of the participants, the location of the transaction servers, or some other factors? Is there a specific legal framework or guidance provided by the Bahraini authorities to clarify this matter? Understanding the geographical scope of crypto-asset regulations in Bahrain is crucial for businesses and individuals operating in this space.
7 answers
HanRiverVision
Mon Jul 15 2024
Crypto-asset activities in Bahrain are subject to regulatory oversight.
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SejongWisdomKeeperEliteMind
Sun Jul 14 2024
The CBB's licensing framework ensures that crypto-asset activities are conducted in a safe and sound manner, protecting the interests of investors and the financial system.
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Marco
Sun Jul 14 2024
If a person or establishment is incorporated in Bahrain or actively solicits clients within the country's borders, their crypto-asset activities are deemed to be conducted in or from Bahrain.
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SakuraPetal
Sun Jul 14 2024
Without a valid license, entities engaging in crypto-asset activities in or from Bahrain may face legal consequences.
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CryptoAce
Sun Jul 14 2024
As a result, such entities must comply with the regulatory requirements set by the Central Bank of Bahrain (CBB).
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