ChainCatcher news, Crypto.com announced on the X platform that it has received full approval from the Central Bank of Bahrain through its subsidiary registered in Bahrain (commercial name "FORIS GFS BH B.S.C.Close") to provide payment service provider (PSP) services.With the PSP license obtained, Crypto.com will be able to expand its electronic money and fiat-based payment services in the region, including the launch of its prepaid card.

ChainCatcher news, according to Bloomberg, Singapore's Whampoa Group plans to establish a digital bank in Bahrain by the end of the year, offering banking services as well as digital token trading, custody, and asset management services, along with providing 24/7 payment and settlement services for digital asset companies.A spokesperson for the Bahraini government stated that the country's central bank has in principle approved the Whampoa Group's establishment of the joint venture, adding that the approval is provisional and full licensing will only be granted once all regulatory requirements are met.Last year, Whampoa Group indicated its intention to raise $50 million for crypto-related hedge funds and deploy $100 million for venture capital funds in the digital asset space. (Bloomberg)

Chain Catcher News, Bitcoin infrastructure provider OpenNode announced that it will test Bitcoin payment processing and payment solutions in the Central Bank of Bahrain (CBB) regulatory sandbox, where OpenNode will provide the first Bitcoin infrastructure in Bahrain.Chain Catcher previously reported that in May this year, Binance Bahrain obtained a Category 4 license for Crypto Asset Service Providers (CASP) issued by the Central Bank of Bahrain, allowing Binance Bahrain to offer crypto asset trading services. (cointelegraph)