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Central Bank of Bahrain (CBB)

Binance’s BPay Global Enables Direct USD Transfers in 70+ Countries

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Binance has introduced direct USD deposits and withdrawals for users in more than 70 countries. The service is available through BPay Global, a payment service provider licensed and regulated by the Central Bank of Bahrain and part of the Binance Group. Retail and corporate users in eligible countries can fund, store, and convert USD to […]

The post Binance’s BPay Global Enables Direct USD Transfers in 70+ Countries appeared first on Fintechnews Middle East.

Bahrain Ranked as Most Cost-Efficient Fintech Hub in the GCC

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Bahrain has been identified as the most cost-competitive location to operate a financial services firm with a tech hub in the Gulf Cooperation Council (GCC), offering a 48% cost advantage. This finding comes from a report published by Ernst & Young’s (EY) US office. According to TradeArabia, the report examined the increasing significance of technology […]

The post Bahrain Ranked as Most Cost-Efficient Fintech Hub in the GCC appeared first on Fintechnews Middle East.

Bahrain Introduces Regulatory Framework for Stablecoin Issuers

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The Central Bank of Bahrain (CBB) has introduced a regulatory framework for licensing and overseeing stablecoin issuers, aimed at supporting the secure integration of stablecoins into the financial system. Under the new guidelines, licensed issuers may offer single-currency stablecoins backed by the Bahraini Dinar (BHD), United States Dollar (USD), or other fiat currencies approved by […]

The post Bahrain Introduces Regulatory Framework for Stablecoin Issuers appeared first on Fintechnews Middle East.

Binance-Affiliated BPay Global Licensed to Offer Payment Services in Bahrain

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The Central Bank of Bahrain (CBB) has granted BPay Global a Payment Service Provider (PSP) license to operate in the Kingdom of Bahrain. BPay Global, a payment services company within the Binance Group, is now authorised to offer fiat-related services to Binance users worldwide. These services include fiat top-ups and withdrawals, custody, and other payment […]

The post Binance-Affiliated BPay Global Licensed to Offer Payment Services in Bahrain appeared first on Fintechnews Middle East.

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