Showing 2 Result(s)

Crypto exchange Rain Financial dismisses dozens of employees amid downturn, Bloomberg says

Rain Financial, a crypto exchange based in Bahrain, has cut dozens of employees amid a downturn in digital assets, people with direct knowledge of the matter told Bloomberg.  “As cryptocurrencies and global markets continue to slow down, this has in turn impacted businesses across the globe,” Rain Financial CEO Joseph Dallago said in a statement provided to Bloomberg. “We have had to make tough decisions to be able to navigate through this period of uncertainty and we can confirm we …

Binance receives green light to operate in the Kingdom of Bahrain

The Central Bank of Bahrain gave crypto exchange Binance the green light to operate in the country today. The crypto-asset service provider license marks Binance’s first regulatory approval in the Middle East. It’s reportedly looking to increase its operations in the region, including setting up a headquarters in neighboring Dubai, according to Bloomberg. The exchange has been assisting the Dubai World Trade Centre Authority with the development of its crypto regulatory framework.  Bahrain’s crypto-asset service provider license allows firms to …