Skip to content
Subscriber Only

A Tiny Gulf Nation Is Opening Its Doors to Crypto

  • Bahrain to regulate crypto trading platforms soon: Official
  • IPO operator SprinkleXchange to go live in Bahrain this month
Bitcoin And Other Cryptocurrencies Online As Its Stocks Soar
Photographer: Tomohiro Ohsumi/Bloomberg

Bahrain, once the Middle East’s hub for financial industries, is attempting to regain its footing by allowing companies using cryptocurrency to work in the country on a trial basis, as it considers how to regulate them.

Dalal Buhejji, business manager at Bahrain’s Economic Development Board, said she is confident that the central bank will issue regulation, without specifying a timeline. The central bank said it previously issued a consultation paper on draft regulations for crypto-asset platform operators.