Tag "Central Bank of Bahrain"
Bahrain Amends Crypto Assets Framework to Include Digital Tokens
The Central Bank of Bahrain has made amendments to its crypto-assets (CRA) module which includes expanding its scope to include digital token offerings as part of its framework. All digital tokens’ offerings that exhibit the characteristics of security will be
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Binance Secures Its First Crypto License in the Gulf Region in Bahrain
Binance, a global blockchain ecosystem and cryptocurrency infrastructure provider, announced that it has been granted a crypto-asset service provider license from the Central Bank of Bahrain (CBB). The license will allow Binance to provide crypto-asset trading, custodial services and portfolio
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Central Bank of Bahrain Completes Test With Blockchain Based JP Morgan Coin System
As part of the Central Bank of Bahrain’s (CBB) vision to improve customer experience for safe and efficient settlement solutions, the CBB has announced the successful completion of a test with Onyx by J.P. Morgan’s JPM Coin System. This is
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Bahrain’s Central Bank Analyses Banks’ Readiness for Open Banking
The Central Bank of Bahrain (CBB) published its commentary on the progress made by retail banks in Bahrain on implementation of the necessary infrastructure for compliance with Bahrain Open Banking Framework (Bahrain OBF). This was done following a grace period
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Bahrain’s Central Bank to Pilot Digital Currency for Real Time Cross Border Payments
The Central Bank of Bahrain (CBB) is collaborating with J.P. Morgan and Bank ABC to introduce real time cross border payment solution in a digital currency settlement pilot scheme. Bank ABC along with J.P. Morgan will pilot the transferring of
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Bahrain Islamic Bank Announces Winner for BisB Innovation Challenge
Bahrain Islamic Bank (BisB) announced that Verofax, a Malaysian-based asset digitisation and traceability services provider, as the winner of its ‘BisB Innovation Challenge’. The bank had collaborated with the FinHub 973, Central Bank of Bahrain’s digital lab for this fintech
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Bahraini Crypto Startup Rain Financial’s $6 Million Funding Round Joined by Coinbase
Rain Financial Inc, a licensed cryptocurrency platform and custodian, announced that it had raised $6 million during a Series A funding round. The round was led by Middle East Venture Partners (MEVP), a venture capital firm in the Middle East,
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FinHub 973: Central Bank of Bahrain Launches a Digital Fintech Lab
The Central Bank of Bahrain has announced the launch of FinHub 973, a digital fintech lab in the region. The platform was launched in cooperation with the Bahrain Economic Development Board, Bank ABC, ila Bank, BENEFIT, National Bank of Bahrain
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Bahrain Issues Final Rules on Insurance Aggregators
The Central Bank of Bahrain issued the final rules on “insurance aggregators”. Mr. Abdul Rahman Al Baker, Executive Director of Financial Institutions Supervision, said, “The introduction of insurance aggregator rules is a first step for the CBB towards “Insuretech”, a
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Bahrain to Introduce Regulation for Robo-Advisors
The Central Bank of Bahrain has today issued the Directives on “Digital Financial Advice”, better known as robo-advisors to most. This was issued following an industry consultation process. Mr. Khalid Hamad, Executive Director of Banking Supervision,Central Bank of Bahrain said,
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