Bahrains central bank issues draft regulations on crypto assets

Monday 17 December 2018 10:54 CET | News

Bahrain’s central bank has announced it issued draft regulations for the licensing and supervision of crypto asset services.

The central bank has stated that among the proposed regulations, measures to safeguard customer interests, technology standards, and cybersecurity risk management are included.

As per Cointelegraph, Bahrain’s Institute of Banking and Finance launched its own ‘Blockchain Academy’, which will provide courses in three competency areas of blockchain technology: development, implementation, and strategy. Moreover, Cointelegraph reported that the Netherlands central bank also proposed licensing cryptocurrency service providers.

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Keywords: Bahrain, regulations, crypto assets, cryptocurrency, banks, PSP, risk management, safety
Countries: World

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