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Showing posts with the label regulatory sandbox

Bitcoin Payments in Bahrain being tested by Central Bank of Bahrain

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  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