{"id":13195,"date":"2025-11-23T23:41:39","date_gmt":"2025-11-23T23:41:39","guid":{"rendered":"https:\/\/fintechnews.ae\/?p=28769"},"modified":"2025-11-23T23:41:39","modified_gmt":"2025-11-23T23:41:39","slug":"arp-digital-signs-memorandum-of-understanding-with-cairo-amman-bank-to-develop-virtual-asset-conversion-services","status":"publish","type":"post","link":"https:\/\/mena-fintech.org\/demo\/arp-digital-signs-memorandum-of-understanding-with-cairo-amman-bank-to-develop-virtual-asset-conversion-services\/","title":{"rendered":"ARP Digital Signs Memorandum of Understanding with Cairo Amman Bank to Develop Virtual Asset Conversion Services"},"content":{"rendered":"

ARP Digital, licensed by the Central Bank of Bahrain as a Category 3 Crypto-Asset Services Provider, announced the signing of a Memorandum of Understanding with Cairo Amman Bank \u2013 Jordan, to explore avenues of cooperation in developing and providing regulated over-the-counter (OTC) virtual asset conversion services in Jordan and Bahrain.<\/p>\n

The collaboration aims to establish a regulated infrastructure that enables Cairo Amman Bank customers to seamlessly and securely convert and exchange fiat currencies into virtual assets and vice versa, in full compliance with the regulatory and supervisory frameworks in both Jordan and Bahrain.<\/p>\n

The services will be officially launched following the issuance of the requirements and guidelines to be determined by the Central Bank of Jordan, which will be announced in due course.<\/p>\n

\"Abdulaziz
Abdulaziz Kanoo<\/figcaption><\/figure>\n

Mr. Abdulaziz Kanoo, Co-Founder of ARP Digital, stated:<\/p>\n

\n

\u201cThis collaboration represents an important step toward bridging the traditional banking sector with the world of virtual assets. By combining ARP\u2019s expertise in regulated OTC transactions with Cairo Amman Bank\u2019s strong banking capabilities, we are creating a secure and compliant environment for the conversion between virtual assets and fiat currencies.\u201d<\/p>\n<\/blockquote>\n

Dr. Kamal Al-Bakri, CEO of Cairo Amman Bank, added:<\/p>\n

\n

\u201cInnovation is a core part of our institutional strategy. This collaboration with ARP Digital enables us to lead the transformation toward establishing a regulated infrastructure for virtual asset conversion in Jordan.\u201d<\/p>\n<\/blockquote>\n

This milestone marks a new chapter in ARP Digital\u2019s efforts to build regulated exchange networks that connect traditional financial institutions with the growing virtual asset ecosystem in a secure and compliant manner.<\/p>\n

It also represents a key step in Cairo Amman Bank\u2019s ongoing journey to enhance banking innovation by offering secure and compliant digital financial solutions that empower the virtual asset transformation and reinforce the bank\u2019s position as a pioneering financial institution in the region.<\/p>\n

 <\/p>\n

Disclaimer: This is an article written by ARP Digital, Fintechnews does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any actions related to the company. Fintechnews is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.<\/em><\/p>\n

Please note this is no investment advice.<\/em><\/p>\n

The post ARP Digital Signs Memorandum of Understanding with Cairo Amman Bank to Develop Virtual Asset Conversion Services<\/a> appeared first on Fintechnews Middle East<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

ARP Digital, licensed by the Central Bank of Bahrain as a Category 3 Crypto-Asset Services Provider, announced the signing of a Memorandum of Understanding with Cairo Amman Bank \u2013 Jordan, to explore avenues of cooperation in developing and providing regulated over-the-counter (OTC) virtual asset conversion services in Jordan and Bahrain. The collaboration aims to establish […]<\/p>\n

The post ARP Digital Signs Memorandum of Understanding with Cairo Amman Bank to Develop Virtual Asset Conversion Services<\/a> appeared first on Fintechnews Middle East<\/a>.<\/p>\n","protected":false},"author":16,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[174,199,441],"tags":[],"class_list":["post-13195","post","type-post","status-publish","format-standard","hentry","category-bahrain","category-egypt","category-sponsored"],"_links":{"self":[{"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/posts\/13195","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/comments?post=13195"}],"version-history":[{"count":2,"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/posts\/13195\/revisions"}],"predecessor-version":[{"id":13214,"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/posts\/13195\/revisions\/13214"}],"wp:attachment":[{"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/media?parent=13195"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/categories?post=13195"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/tags?post=13195"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}