Crypto.com Empowering the GCC Region with Advanced Crypto Payment Solutions
Highlights:
- Regulatory Approval in Bahrain: Crypto.com secures a Payment Service Provider (PSP) license from the Central Bank of Bahrain, allowing it to offer e-money services and launch prepaid cards in the GCC.
- Strategic Regional Expansion: The move is part of Crypto.com’s broader efforts to establish a presence in key markets, leveraging Bahrain’s robust crypto regulations to grow its ecosystem.
- Support for GCC Innovation: This initiative aligns with Bahrain’s goal of fostering a digital-first economy through clear regulations and a supportive investment environment.
Crypto.com continues its global expansion by entering the Gulf Cooperation Council (GCC) region, beginning with Bahrain. It has received a PSP license from Bahrain’s central bank, enabling the company to launch its renowned prepaid cards and e-money services. This step aligns with Bahrain’s status as a leader in crypto regulation within the GCC, making it a strategic hub for Crypto.com’s regional operations.
With over 100 million users worldwide, Crypto.com plans to tap into the GCC’s growing crypto market, leveraging Bahrain’s innovation-friendly ecosystem and regulatory framework. This development is part of the company’s broader strategy to solidify its global presence in digital finance while supporting the GCC’s transition to a digitally-driven economy
