Middle East’s cryptocurrency exchange, CoinMENA acquires license from Bahrain central bank

Published 25 Jan,2021 via bizbahrain - Middle East’s soon-to-launch digital assets exchange, CoinMENA, will help new and seasoned investors, who are looking for access to non-traditional investment options, by providing a locally integrated platform that will enable them to maximize their return on investment safely and securely, while participating in the new digital economy.

CoinMENA announced that it has received a “Crypto Asset Services Company License – Category 2” from the Central Bank of Bahrain (CBB) after meeting all of the operational, technical, and security requirements set forth by the authority. As a result of acquiring this license, CoinMENA will become one of only a few fully licensed and operating digital assets exchanges worldwide.

Built in the region, for the region, CoinMENA meets a key need of consumers in the Middle East of being Sharia-compliant, as certified by the Shariyah Review Bureau. The exchange allows for the seamless deposit, trade, and withdrawal of digital assets in the users’ local currency while offering the most competitive fees possible, on account of its strong relationships with the region’s banking institutions.