Bahrain Opening Its Doors to Crypto this Month
Bahrain, once the Middle East’s hub for financial industries, is attempting to regain its footing by allowing companies using cryptocurrency to work in the country on a trial basis, as it considers how to regulate them, reported Bloomberg.
Bloomberg: Bahrain Promises to Repair Finances as Kingdom Awaits Gulf Aid
Bloomberg, the economic news website, said Bahrain pledged to implement steps to repair its strained finances widely seen as crucial to help the kingdom receive support from Gulf Arab allies.
Bloomberg: Bonds Help Bahrain Avoid Unpopular Decisions Like Freezing Public Sector Employment
Bloomberg said that access to a debt is helping some cash-strapped nations in the Gulf Cooperation Council kick reforms down the road.
Video: Bahrain EDB Official says Economy in Bahrain Represents a Challenge
In light of Bahrain's economy recently taking a hit from low oil prices, Bahrain economy expert said that the situation represents a challenge, but also an opportunity, clarifying that it would help “really push through economic reforms”.