{"id":33171,"date":"2024-09-21T01:20:47","date_gmt":"2024-09-20T22:20:47","guid":{"rendered":"https:\/\/entarabi.com\/?p=33171"},"modified":"2024-09-21T01:34:14","modified_gmt":"2024-09-20T22:34:14","slug":"crypto-com-receives-full-approval-from-the-central-bank-of-bahrain-to-offer-digital-payment-services","status":"publish","type":"post","link":"https:\/\/entarabi.com\/en\/2024\/09\/crypto-com-receives-full-approval-from-the-central-bank-of-bahrain-to-offer-digital-payment-services\/","title":{"rendered":"Crypto.com Receives Full Approval from the Central Bank of Bahrain to Offer Digital Payment Services"},"content":{"rendered":"<p dir=\"ltr\"><a href=\"https:\/\/crypto.com\/\" rel=\"nofollow noopener\" target=\"_blank\">Crypto.com<\/a> announced that it has received full approval from the <strong>Central Bank of Bahrain<\/strong> to provide payment services through its subsidiary, <strong>Foris GFS Bahrain<\/strong>. This achievement marks a significant addition to the company\u2019s growing list of licenses to expand its operations in the <strong>Gulf region<\/strong>.<\/p>\n<p dir=\"ltr\">The license will enable <strong>Crypto.com<\/strong> to offer <strong>e-money<\/strong> and <strong>FIAT currency<\/strong> payment services in <strong>Bahrain<\/strong> and the region, including the launch of its globally renowned <strong>prepaid payment cards<\/strong> as part of its regional expansion.<\/p>\n<p dir=\"ltr\">Commenting on the announcement, <strong>Noor bint Ali Al Khalif<\/strong>, Minister of Sustainable Development and CEO of the <strong>Economic Development Board<\/strong>, expressed her pleasure at <strong>Crypto.com\u2019s<\/strong> decision to choose Bahrain as an investment destination. She highlighted that this decision strengthens Bahrain\u2019s efforts to build a resilient digital economy that fosters innovation and financial technology.<\/p>\n<p dir=\"ltr\">Al Khalif added: \u201cBahrain has successfully created an environment conducive to the growth of <strong>blockchain technology<\/strong> and <strong>cryptocurrencies<\/strong>, supported by the flexible investment environment that facilitates ease of doing business.\u201d<\/p>\n<p dir=\"ltr\"><strong>Eric Anziani<\/strong>, Chief Operating Officer at <strong>Crypto.com<\/strong>, stated: \u201cBahrain has established an ideal environment for innovation in <strong>financial technology<\/strong>, supported by clear regulations that balance consumer protection with commercial growth. We are proud to partner with Bahrain and look forward to contributing to the advancement of the <strong>digital asset<\/strong> sector across the <strong>Gulf Cooperation Council (GCC)<\/strong> countries.\u201d<\/p>\n<p dir=\"ltr\">Bahrain is recognized as a leading hub for <strong>digital asset regulation<\/strong> in the region and was one of the first countries to issue licenses for <strong>cryptocurrencies<\/strong>, further enhancing its position as a regional leader in <strong>financial technology<\/strong> and <strong>digital innovation<\/strong>.<\/p>\n<p dir=\"ltr\"><strong>Crypto.com<\/strong> continues its global expansion, now serving more than 100 million users worldwide. The company recently obtained a Virtual Asset Service Provider license from the <strong>Dubai Virtual Assets Regulatory Authority<\/strong>, and in April 2024, it launched the <strong>Crypto.com Exchange<\/strong> for institutional investors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crypto.com announced that it has received full approval from the Central Bank of Bahrain to provide payment services through its subsidiary, Foris GFS Bahrain. This achievement marks a significant addition to the company\u2019s growing list of licenses to expand its operations in the Gulf region. The license will enable Crypto.com to offer e-money and FIAT [&hellip;]<\/p>\n","protected":false},"author":37,"featured_media":33172,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"post_subtitle":"","footnotes":""},"categories":[1810],"tags":[5829],"class_list":["post-33171","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fintech","tag-crypto-com"],"_links":{"self":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/33171","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/users\/37"}],"replies":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/comments?post=33171"}],"version-history":[{"count":0,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/33171\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media\/33172"}],"wp:attachment":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media?parent=33171"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/categories?post=33171"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/tags?post=33171"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}