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Digital assets exchange CoinMena secures licence from Central Bank of Bahrain

The exchange is Sharia-compliant, having been certified by the Shariah Review Bureau, the company said.
It will offer the deposit, trade and withdrawal of digital assets in a users local currency and on launch will offer trading in five major cryptocurrencies Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC) and Bitcoin Cash (BCH). It will be open to users in Bahrain, Kuwait, Oman, Saudi Arabia and the UAE.
It will also provide over-the-counter services for clients looking to carry out large transactions, the company said.
As CoinMENA grows, we will be providing access to additional digital assets and expanding the jurisdictions we operate in, with the view of becoming one of the leading digital assets exchanges on a global scale.” ....

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Middle East crypto exchange Rain secures $6m in funding

Rain Financial was set up in 2017 and received a licence to operate as a crypto-asset brokerage by Bahrain s central bank in 2019. The company offers its customers a way to buy and sell digital currencies as well as custodian services to hold their assets.
Interest in digital currencies is picking up again as the price of Bitcoin, the biggest cryptocurrency by market value, has soared. Although it was trading 6.3 per cent lower at 7.04pm on the Bitstamp exchange on Sunday at $34,852.52, it has witnessed a near-fourfold increase in value over the past 12 months. One Bitcoin now trades at 19-times the dollar price of gold per ounce, down from a record of 21.6x at the end of last week. ....

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