Bahrain’s regulatory sandbox has become increasingly crypto-friendly as half of the companies approved are now either crypto exchanges or other crypto businesses including ATMs. There are currently 30 companies approved for the regulatory sandbox by the central bank.

Also read: Indian Supreme Court Postpones Crypto Case at Government’s Request

Regulatory Sandbox

Thirty companies are currently approved by the Central Bank of Bahrain (CBB) for its regulatory sandbox, half of which are crypto service providers including exchanges.

Four companies have been approved this year and three of them (AT Payments Llc, Zpx Pte Ltd., and Bitcove Bahrain) are crypto service providers. In addition, the central bank’s 2018 annual report published last week details that 26 companies were approved between the introduction of the regulatory sandbox and the end of last year.

Half of Bahrain’s Regulatory Sandbox Filled With Crypto Companies
Companies currently approved for Bahrain’s regulatory sandbox. Source: CBB

According to the CBB report, up until the end of 2018, 35% of the companies approved for the…

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