Binance gets regulatory approval in the Kingdom of Bahrain

    World’s leading crypto exchange Binance has received “in-principle” approval from the Central Bank of Bahrain (CBB) to establish itself as a crypto-asset service provider in the Kingdom of Bahrain. If the Bahrain application is approved, it will be Binance’s first regulatory approval in the Middle East and North Africa region. According to a press release,…

    Bahrain’s financial sector to go digital but not crypto

    A comprehensive digital transformation of the financial sector in Bahrain includes rolling out a Digital Dinar but does not adopt the crypto sector. The head of the Central Bank of Bahrain (CBB) warned against cyber-crime and dealing with cryptocurrency, speaking during the press conference on Saturday. Plans of digital transformation of Bahrain’s financial sector include…

    Bahrain-based CoinMena secures $9.5 million seed round

    Headquartered in Bahrain, fiat-to-crypto exchange CoinMENA has secured $9.5M in seed funding from BECO Capital, Kenetic Capital, Arab Bank Switzerland, Bunat Ventures, Rua Growth Fund, FTX investment arm Alameda Research and Girnas Capital. CoinMENA will use funds in a move to further dominate the crypto market in the MENA region. Launched in early 2021 by…

    Yehia Badawy, Co-Founder Rain: “Our areas of focus are emerging markets”

    When was rain creating? Who was the company founder? So, the company started, its four of us that co-founded this company – Joseph Dallaglio, AJ Nelson, Abdullah Michael and myself Yehia Badawy. Funnily enough, we each had an idea for  this company separately. So I was working on creating something similar in 2014, actually speaking…

    Talal Tabbaa, Coin Mena: “We want to be the biggest and the best in the Middle East”

    Please tell us about your project, when it was created, and who is the company founder and what is this project about?   My name is Talal Tabbaa and I am one of the founders CoinMena. We are 3 founders: myself, Dina Sam’an and Yazan Barghuthhi. We started the exchange out of the need, because…

    How cryptocurrencies can help develop Islamic finance

    At a webinar held in Bahrain on Wednesday, experts have discussed how new digital payment means are facilitating transactions, and how cryptocurrencies can help to develop Islamic finance, The Gulf Daily News reported. A collaboration of Bahrain-based General Council for Islamic Banks and Financial Institutions (Cibafi) and the Islamic Corporation for the Development of the…