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Bahrain-Regulated Crypto Exchange Enters $1B Tokenized Gold Market as RWA Demand Grows
Gold-backed tokens have enjoyed a resurgence in activity recently as gold prices hit record highs.
#behrain
Gold-backed tokens have enjoyed a resurgence in activity recently as gold prices hit record highs.
#behrain
🚨🚨 #Behrain 🚨🚨
Big moves happening in Bahrain’s crypto scene lately:
✅ Back in March 2022, Binance got the green light from the Central Bank of Bahrain (CBB) with a license to offer crypto trading, custody, and portfolio management. First real regulatory step for them in the region.
🥇 Then in May 2022, Binance Bahrain leveled up with a Category 4 license — basically the highest tier you can get there. That made them the first exchange in Bahrain with full approval to operate end-to-end crypto services.
💳 A few months later, EazyPay (a Bahraini fintech) partnered with Binance Pay to roll out crypto payments across 5,000+ stores and online shops. You can now pay with 70+ coins at popular places like Lulu Hypermarket, Sharaf DG, and more.
Coverage from Cointelegraph
🚀 Fast forward to September 2024, and Crypto.com jumped in too — they secured their own payment service provider license from the CBB. This move sets them up to launch prepaid cards and expand e-money services across the region.
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Bahrain’s clearly making a strong case to become a crypto-friendly hub in the Gulf. If BPay Global (Binance’s arm) just got a PSP license recently, it fits perfectly with how the country's opening doors to regulated crypto activity.
Big moves happening in Bahrain’s crypto scene lately:
✅ Back in March 2022, Binance got the green light from the Central Bank of Bahrain (CBB) with a license to offer crypto trading, custody, and portfolio management. First real regulatory step for them in the region.
🥇 Then in May 2022, Binance Bahrain leveled up with a Category 4 license — basically the highest tier you can get there. That made them the first exchange in Bahrain with full approval to operate end-to-end crypto services.
💳 A few months later, EazyPay (a Bahraini fintech) partnered with Binance Pay to roll out crypto payments across 5,000+ stores and online shops. You can now pay with 70+ coins at popular places like Lulu Hypermarket, Sharaf DG, and more.
Coverage from Cointelegraph
🚀 Fast forward to September 2024, and Crypto.com jumped in too — they secured their own payment service provider license from the CBB. This move sets them up to launch prepaid cards and expand e-money services across the region.
---
Bahrain’s clearly making a strong case to become a crypto-friendly hub in the Gulf. If BPay Global (Binance’s arm) just got a PSP license recently, it fits perfectly with how the country's opening doors to regulated crypto activity.
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