Bahrain Crypto Exchange Gets Central Bank License
Thursday, 08 01 2019, Category: Technology, Country: Bahrain
Bahrain-based cryptocurrency exchange Rain has become the Middle East’s first exchange to receive a regulatory license.
In a blog post from July 31, Rain confirmed it had received a Crypto-Asset Module license from the Central Bank of Bahrain.
The license came the same week Rain announced successful closure of a $2.5 million funding round backed by partners including the VC arm of crypto derivatives giant BitMEX. Kuwaiti blockchain fund Blockwater also contributed.