Crypto.com Secures Crypto Payments License In Bahrain

Crypto.com Continues To Expand In The Middle East

Crypto.com, one of the world's leading cryptocurrency exchanges, has received a crypto asset payment service provider license from the Central Bank of Bahrain (CBB).

The license is a significant development for Crypto.com as it allows the company to offer a full suite of crypto-asset services in Bahrain, including buying, selling, and storing crypto assets, as well as providing crypto-asset payment services.

Crypto.com's Expansion In The Middle East

The license is part of Crypto.com's broader expansion in the Middle East.

In 2022, Crypto.com launched a dedicated Middle East hub in Dubai, and the company has since been actively involved in the region's crypto ecosystem.

The company has also been a major sponsor of several high-profile events in the region, including the Dubai Expo 2020 and the Abu Dhabi Grand Prix.

Bahrain's Commitment To Crypto

Bahrain is emerging as a major hub for crypto in the Middle East.

In 2018, the CBB established a dedicated regulatory framework for crypto-assets, and the country has since attracted several crypto companies, including Binance and Huobi.

The CBB's recent decision to grant a license to Crypto.com is a further sign of the country's commitment to the crypto industry.

Conclusion

Crypto.com's license in Bahrain is a major development for the company and for the crypto industry in the Middle East.

The license will allow Crypto.com to further expand its presence in the region and offer a full suite of crypto-asset services.

It is also a positive sign for the crypto industry in Bahrain, as it shows that the country is supportive of crypto and is keen to attract crypto companies.