Cryptocurrencies
Cryptocurrency Assets Get Arab World’s First Regulatory Nod
- Rules issued on crypto-currency asset services and exchanges
- Saudi Arabia, U.A.E. previously launched pilot crypto program
Cryptocurrency mining rigs at a Bitfarms facility.
Photographer: James MacDonald/BloombergThis article is for subscribers only.
The Arab world’s smallest country is taking the lead in regulating crypto assets.
Bahrain’s central bank said on Monday that it issued “the final rules on a range of activities relevant to crypto assets.” The framework covers areas from licensing and governance to cyber security.