This article provides an overview of the Central Bank of
Bahrain's regulations that govern crypto-asset exchanges'
establishment as licensed platforms incorporated in Bahrain. This
article further highlights Bahrain's progressive stance by
considering its alignment with other international financial hub
jurisdictions.
Introduction
In order to buy or sell cryptocurrency, e.g. Bitcoin, Ethereum, or another cryptocurrency,
you'll need to create an account on a crypto trading platform
to exchange your Bahraini Dinars or U.S. Dollars (or other
currencies) for digital assets.
A crypto-asset exchange ("CAX") (e.g.
Kraken, Coinegg, Gemini, Binance) is a platform on which you can buy
and sell cryptocurrency. One can use a CAX to trade one
Crypto-Asset (i.e., virtual, digital assets, or tokens operating on
a blockchain platform and protected by cryptography) for another
(e.g., Converting Bitcoin to Litecoin, or to buy crypto using
regular currency, like Bahraini Dinar
