Bahrain Central Bank has announced the issuance of regulation for security tokens as amendments to its current crypto asset module. The Central Bank has expanded the crypto asset regulations to include digital token offerings, in specific those with the characteristics of security tokens. In determining whether a digital token qualifies as a security, the CBB will examine the underlying economic purpose of the digital token, its structure, characteristics, as well as the rights attached to the digital token. The new amendments also outline new requirements to enhance safeguarding clients’ assets to provide high levels of protection for investors. In addition the Central Bank of Bahrain will allow crypto-assets licensees (after obtaining the CBB’s approval) to engage in additional activities, which are not within the stipulated regulated crypto-asset services.   Commenting on the new amendments, Director of the Capital Markets Supervision Directorate – Mrs. Abeer Al Saad

  OpenNode, a "Bitcoin-as-a-payment-network" infrastructure company, has started testing a Bitcoin payment processing and payout solution in Bahrain, with the Central Bank of Bahrain’s regulatory Sandbox. OpenNode intends to provide the infrastructure to help the country grow its economy and will showcase why Bitcoin is synonymous with better business. Bahrain was one of the first to grant a crypto exchange license to RAIN crypto exchange and since then has accepted in Binance and others. The CBB authorized OpenNode to participate in the new Regulatory Sandbox Framework that allows FinTech firms to test their ideas and solutions in the Kingdom. OpenNode intends to bring payment innovation to Bahrain in using Bitcoin.   Afnan Rahman, CEO and Co-Founder at OpenNode, stated"This is a watershed moment for the people of Bahrain, the Middle East and the Bitcoin economy as a whole. OpenNode's leading Bitcoin infrastructure solution continues to pave the way for