Crypto.com has secured full approval from the Central Financial institution of Bahrain to supply cost service supplier (PSP) providers. This approval was granted to its subsidiary, FORIS GFS BH B.S.C. CLOSED, registered in Bahrain. This marks one other regulatory achievement for Crypto.com within the area.
The PSP licence allows Crypto.com to develop its providers, providing e-money and fiat-based cost options. The corporate plans to introduce its pay as you go playing cards within the area as a part of this enlargement.
Bahrain is acknowledged as a centre for digital asset regulation inside the Gulf Cooperation Council. It was among the many first within the area to subject crypto-asset licences. The Bahrain Financial Improvement Board performs an energetic position in supporting funding, working intently with firms to supply strategic advisory providers as a part of its efforts to draw investments.
Crypto.com continues to develop its ecosystem globally, with over 100 million customers. This announcement provides to its regulatory approvals, following its current Digital Asset Service Supplier Licence from Dubai’s Digital Belongings Regulatory Authority. In April 2024, the corporate additionally launched the Crypto.com Trade for institutional buyers.
Crypto.com holds licences within the markets together with Singapore, France, Australia, Eire, Malta, the UK, the US, Canada, and South Korea.
