bahrainthismonth.com | FEBRUARY 2025 FINTECH Steering Bahrain’s FINTECH REVOLUTION 30 As Chief Executive Officer of Cryptos Consultancy, Ali Jamal discusses Bahrain’s progressive Fintech landscape as part of our exclusive feature, shedding light on innovation, blockchain trends and regulatory advancements. What is the current regulatory environment for Fintech in Bahrain? Bahrain has emerged as a frontrunner in Fintech innovation within the MENA region, largely due to its progressive regulatory framework. The Central Bank of Bahrain (CBB) has struck a remarkable balance between encouraging innovation and maintaining strong compliance and security measures. A standout initiative, the Regulatory Sandbox, provides businesses with a controlled environment to test innovative technologies such as blockchain and cryptocurrencies, allowing them to operate while adhering to regulatory standards. An example of Bahrain’s forward-thinking approach is the licensing of crypto.com, which facilitated the launch of the region’s first crypto card in collaboration with MasterCard. This move significantly enhanced Bahrain’s standing as a leading Fintech hub. At Cryptos Consultancy, we leverage Bahrain’s favourable regulatory landscape to guide clients in navigating compliance requirements, enabling them to innovate with confidence and align with the highest regulatory standards. What role does CBB play in fostering the growth of cryptocurrency and blockchain-related services? Its Crypto-Assets Regulatory Framework ensures that cryptoasset service providers operate under a clear, internationally compliant regulatory structure, with an emphasis on Anti-Money Bahrain is expected to witness significant advancements in blockchain for financial inclusion, asset tokenisation and digital currencies for cross-border transactions. - Ali Jamal
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