This comes at a time when Bahrain has identified the fintech sector as crucial in helping the kingdom become a regional business and banking hub. Towards this end, the kingdom has launched a regulatory sandbox to allow financial institutions licensed by the CBB and other firms to “test their technology-based innovative solutions relevant to Fintech or the financial sector in general.”
In September last year, the CEO of the Kingdom’s Economic Development Board, Khalid Al Rumaihi, disclosed that Bahrain was keen on adopting cryptocurrencies and that a bitcoin exchange had already shown interest in setting up shop in the constitutional monarchy. Published by CCN. Please Read More Here
