The National Bank of Bahrain (NBB) has launched the GCC region’s first Bitcoin-linked structured investment fund for institutional and accredited investors. This product was developed in partnership with ARP Digital and is designed to provide a secure avenue for investors to capitalize on Bitcoin’s gains. The Bitcoin Investment Fund According to local media reports, the structured investment fund is capped at a predefined threshold and offers a unique opportunity for...
Read More »Bahrain Luxury Hotel Says “Yes” to Crypto Payments
The Novotel Bahrain Al Dana Resort – one of the most luxurious hotel spots in Manama, the capital of Bahrain in the Middle East – has announced it will be accepting crypto payments for items like room stays and other vacation staples. A Luxury Hotel in Bahrain Is Accepting Crypto The move is pushing the goals of bitcoin and its digital counterparts closer to being achieved. What many people likely forget is that while bitcoin and many of its crypto cousins have taken on...
Read More »Bahrain Welcomes Coin MENA, a New Sharia-Compliant Digital Trading Platform
The Central Bank of Bahrain (CBB) is a fan of cryptocurrency. So much so that the firm is now unveiling Coin MENA, a new cryptocurrency exchange.Coin MENA Is Here for All Eager TradersWhat’s the big clincher? The exchange is compliant with Sharia law. The trading platform has recently received its new “Crypto Asset Services Company License – Category Two” and will begin paving a path for users to trade, purchase and sell digital currencies within the Middle Eastern nation of Bahrain.The firm...
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