bahrain

ChainCatcher news, according to Financefeeds, the Central Bank of Bahrain (CBB) has launched a Stablecoin Issuance and Offering (SIO) regulatory module, becoming the first comprehensive regulatory framework of its kind in the Gulf Cooperation Council (GCC) region.The framework only allows fiat-backed stablecoins, which can be pegged to the Bahraini Dinar, the US Dollar, or other fiat currencies explicitly approved by the central bank, and prohibits algorithmic or commodity-backed stablecoins. Issuers must obtain a central bank license and meet strict prudential standards, including maintaining reserves in high-quality liquid assets and undergoing regular external audits. The regulatory scope covers the entire ecosystem, including custodians, wallet providers, and payment service providers. The framework aligns with international standards, with a particular emphasis on anti-money laundering and counter-terrorism financing requirements.

ChainCatcher news, Al Abraaj Restaurants Group (stock code: ABRAAJ), a company listed on the Bahrain Stock Exchange, announced the purchase of 2 additional bitcoins, with a total transaction amount of approximately $208,200, at an average price of about $104,100 per bitcoin.As of now, the company's bitcoin holdings have reached 7 bitcoins, with an average purchase price of approximately $97,743 per bitcoin.

ChainCatcher news, recently, a blockchain strategy proposal submitted by the international organization GBA to the Bahraini government has been officially released. In this document titled "Blockchain BEACON Initiative," Oracle and CESS Network are listed as candidate partners for the infrastructure layer.In the current rapid integration of AI, RWA, and DePIN, CESS has comprehensively laid out its strategy from underlying chains, decentralized storage, content distribution to data sovereignty, proposed the IEEE decentralized storage standard (P3220.02), and passed the GBA official BMM Level 1 certification (Blockchain Maturity Model) ------ BMM is a standardized assessment framework for on-chain infrastructure.CESS's network architecture consists of Layer 1 blockchain public chain, DeOSS object storage layer, CD²N content distribution layer, and privacy and security mechanisms such as PoDR², which have been validated through cooperation with government organizations in the United States, Hong Kong, and the Middle East. This proposal project alongside Oracle not only strengthens CESS's technical capabilities in the infrastructure field but also provides strong support for its subsequent valuation and institutional attention. It again reflects CESS's core positioning as a decentralized data value infrastructure and opens up imaginative space for future collaboration with traditional tech giants to build a national-level digital foundation.Oracle's success proves the logic of "infrastructure equals value," while CESS is reconstructing this path in a decentralized manner. The future will welcome a Web3 era with billions of data flows globally, and CESS is at the forefront of this trend.

ChainCatcher news, the Central Bank of Bahrain (CBB) has granted a payment service provider license to Binance subsidiary BPay Global to operate in the Kingdom of Bahrain. The PSP license will allow the company to offer fiat services to Binance customers globally, including fiat deposits and withdrawals, custody, and other payment services. This is also the first payment service provider license obtained by a company under Binance.

ChainCatcher news, according to Bitcoin.com, the regulated digital asset exchange ATME in Bahrain has launched gold-backed tokens with the support of the country's central bank, with each token representing one kilogram of gold, providing qualified investors with a safe and modern way to invest in gold without the challenges of physical gold storage.ATME CEO Alex Lola stated that combining the stability of gold with blockchain technology will promote financial inclusion in the region.

ChainCatcher news, the privacy security network Nillion announced a partnership with the Bahraini telecom operator stc Bahrain. This collaboration marks the deep integration of Nillion's blind computing privacy technology into real-world Web2 scenarios, aiming to promote the development of privacy solutions in the Middle East.In the first phase of the partnership, stc Bahrain will deploy nodes on Nillion's blind computing network PETnet. As a decentralized privacy platform, PETnet aims to utilize advanced privacy-enhancing technologies such as multi-party computation to ensure data storage security and the processing of private data. stc Bahrain, as the first telecom partner to operate nodes on the Nillion network, will bring greater decentralization and security to PETnet.Meanwhile, Nillion will join stc Bahrain's Web3 Launchpad program as a Pearling Path partner. stc Bahrain will leverage Nillion's blind computing network to develop scalable application cases. By combining Nillion's advanced secure computing solutions with stc Bahrain's robust telecom infrastructure and Bahrain's data embassy laws, Nillion aims to set new standards for high-value data management and protection for global users, including specific Web2 application scenarios.It is reported that as the first decentralized blind computing network, Nillion was founded by former Uber founding engineer Conrad Whelan, dedicated to achieving the storage, transmission, and processing of high-value sensitive data in an encrypted state throughout the entire process. Through its innovative Orchestration Layer, Nada language compiler, and dual-layer network architecture design, Nillion supports developers in easily building privacy applications without needing to understand privacy-enhancing technologies (PET), while also ensuring decentralization, thereby empowering the development of the privacy application ecosystem and providing strong support for data application ecosystems, AI, data markets, privacy DeFi, medical analytics, and other application scenarios.

ChainCatcher news, according to Cointelegraph, the National Bank of Bahrain has announced the launch of the first Bitcoin-linked structured investment product, designed specifically for institutional investors in the Gulf Cooperation Council, which consists of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates.

ChainCatcher news, Crypto.com announced on the X platform that it has received full approval from the Central Bank of Bahrain through its subsidiary registered in Bahrain (commercial name "FORIS GFS BH B.S.C.Close") to provide payment service provider (PSP) services.With the PSP license obtained, Crypto.com will be able to expand its electronic money and fiat-based payment services in the region, including the launch of its prepaid card.

ChainCatcher news, Binance founder and CEO Changpeng Zhao tweeted that Binance has obtained ISO 27001 (Information Security) and ISO 27701 (Data Privacy) certifications in France, the UAE, and Bahrain. (source link)

ChainCatcher news, according to Bloomberg, Singapore's Whampoa Group plans to establish a digital bank in Bahrain by the end of the year, offering banking services as well as digital token trading, custody, and asset management services, along with providing 24/7 payment and settlement services for digital asset companies.A spokesperson for the Bahraini government stated that the country's central bank has in principle approved the Whampoa Group's establishment of the joint venture, adding that the approval is provisional and full licensing will only be granted once all regulatory requirements are met.Last year, Whampoa Group indicated its intention to raise $50 million for crypto-related hedge funds and deploy $100 million for venture capital funds in the digital asset space. (Bloomberg)

ChainCatcher news, BitMEX co-founder Arthur Hayes tweeted that, according to informed sources, Three Arrows Capital co-founders Zhu Su and Kyle Davies raised a large amount of funds from the Bahrain sovereign wealth fund. They conducted the transactions through the former Three Arrows Capital over-the-counter trading platform TaiPingShan Capital. (source link)

ChainCatcher news, Binance launches a regulated platform in the Middle Eastern country of Bahrain.According to ChainCatcher previous report, Binance Bahrain obtained a Category 4 license for Crypto Asset Service Providers (CASP) from the Central Bank of Bahrain (CBB) in May 2022, allowing it to provide cryptocurrency trading services. (Jin10 Data)

ChainCatcher news, Bahrain telecom operator Stc Group's subsidiary Stec Bahrain recently announced a partnership with payment service provider Eazy Financial Services to accept cryptocurrency payments through EazyPay and Binance Pay. This partnership allows Stec Bahrain customers to settle bills using the Binance wallet. (source link)

Chain Catcher News, Bitcoin infrastructure provider OpenNode announced that it will test Bitcoin payment processing and payment solutions in the Central Bank of Bahrain (CBB) regulatory sandbox, where OpenNode will provide the first Bitcoin infrastructure in Bahrain.Chain Catcher previously reported that in May this year, Binance Bahrain obtained a Category 4 license for Crypto Asset Service Providers (CASP) issued by the Central Bank of Bahrain, allowing Binance Bahrain to offer crypto asset trading services. (cointelegraph)