Singapore-based cryptocurrency Crypto.com is reinforcing its regional presence with a Bahraini license following on approval in Dubai.
Singapore-based cryptocurrency exchange Crypto.com continues to grow its presence in the MENA region with the receipt of a full payment service provider license from the Central Bank of Bahrain (CBB). The license will permit the cryptocurrency exchange’s local subsidiary to offer e-money and fiat services, including the issuance of prepaid cards, throughout the Gulf Cooperation Council (GCC) states.
The GCC encompasses the United Arab Emirates (UAE), Bahrain, Kuwait, Oman, Qatar and Saudi Arabia.
Crypto.com joins a small circle of crypto exchanges as entities licensed in Bahrain. Binance received a crypto-asset service provider license in Bahrain in March 2022. BitOasis received a category 2 license in Bahrain this year. Crypto.com chief operating officer Eric Anziani said:
