Crypto.com has achieved a significant regulatory milestone, obtaining full approval from the Central Bank of Bahrain to operate as a payment service provider. Through its Bahraini subsidiary, “FORIS GFS BH B.S.C. CLOSED”, the company can now offer e-money and fiat-based payment services across the region. This includes the introduction of its renowned prepaid cards, further expanding its impressive global presence.

Minister of Sustainable Development, H.E. Noor bint Ali Alkhulaif, praised Crypto.com’s choice of Bahrain for its investment, highlighting the nation’s commitment to fostering a digital-first economy that prioritizes innovation and ease of doing business. Bahrain’s strategic approach, noted for its robust regulatory framework, aims to cultivate a leading environment for blockchain and fintech advancements.

Eric Anziani, President and COO of Crypto.com, commended Bahrain’s efforts in creating a conducive regulatory environment, balancing consumer protection with the commercial potential. With a track record of pioneering crypto regulation within the Gulf Cooperation Council, Bahrain continues to solidify its position as a prime destination for crypto and fintech innovation.

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