The Government of Bahrain is showing keen interest in cryptocurrencies (digital assets) like many of the other nations in the Middle East. As a part of its latest Fintech Bay initiative, Bahrain is willing to facilitate fintech companies from all around the world and provide them with world-class infrastructure to set shop in the country, that's now eyeing a move from oil to innovation.
Bahrain’s list of fintech companies will also include cryptocurrency-led firms, who want to establish a proper infrastructure in Bahrain. Along with infrastructure, The Fintech Bay is also going to look at providing them with the required workforce.
A regulatory sandbox set up under the Central Bank of Bahrain is going to investigate the credentials of the interested organizations. After a green signal from the authorities, these companies will be registered in Bahrain. Once the registration process is done, the work of the Fintech Bay will be to establish the company.
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