Crypto News: Bahrain May Adopt Bitcoin and Issue Bonds in Digital Currency

According to a Hindu business site, Bahrain wants to implement a regulatory sandbox forBahrain May Adopt Bitcoin and Issue Bonds in Digital Currency bitcoin to experiment with blockchain technology. The site quoted Rumaihi, “This [regulatory sandbox] is much like Singapore and what the UK is looking at. This is not just talk. We have launched it. You can go to the website and application process is clear. We are open for business.”

The country is open for business indeed. They recently put the regulatory sandbox into action. One news source said four businesses have already applied. Only two had currently been approved. The site specified:

"Rumaihi said the Bahrain Central Bank had recently put in place Regulatory Sandbox regulations and as many as four companies had so far applied in this regard. Two of the four had already received approval from the central bank."

Full story at http://bit.ly/2wlV2Tl

Source: Bitcoin News

 

 

 

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