BPay Global, a Binance subsidiary, secured Bahrain’s first PSP license to offer fiat services globally.
Bahrain strengthens its digital finance push while eyeing regional competition like UAE’s massive infrastructure plans.
The Central Bank of Bahrain grants a Payment Service Provider (PSP) license to BPay Global B.S.C., a subsidiary of Binance Group.
Bahrain aims to strengthen its position in the digital financial ecosystem, with efforts to develop regulations for stablecoins and explore the issuance of a central bank digital currency.