In its announcement, the bank stated that this product is tailored for risk-averse investors looking to gain exposure to bitcoin without the volatility risks associated with market fluctuations, as reported by Bahrain News Agency.While Bahrain may not match its neighbours in trading volume, it has been proactive in establishing crypto banking regulations. In 2019, the Central Bank of Bahrain (CBB) introduced a legislative framework to regulate and manage crypto assets within the country.That same year, Rain Financial became the first company to obtain a licence to operate as a crypto asset service provider in Bahrain. benefit from any rise in bitcoin's price, with a cap at a specified threshold, while also ensuring full protection of their principal investment against losses.
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