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Read more: Singaporean Family Office Launches Digital Bank In Bahrain
The move is part of an announcement first made at Fintech Forward 2024 and is considered another significant step for Bahrain’s finance sector and the broader region.
The product, offered to accredited investors only, exposes investors to the long-term growth of Bitcoin with principal protection. Investors benefit from Bitcoin upside performance that is capped at a predefined limit, while this product is fully capital-protected on the downside, allowing investors to contain volatility associated with digital currencies.
The launch of the Bitcoin investment product is in line with the National Bank of Bahrain’s broader strategy to expand its product portfolio, particularly within wealth management. The bank envisions a risk-averse investor who would want some exposure to cryptocurrency but not at the risk of losing their principal investment.
Bahrain has really made a great stride in developing a really friendly ecosystem for both fintech and cryptocurrency, fashioning laws that really bring a delicate balance between consumer protection and commercial innovation. Most recently, Crypto.com received a payment service provider license from the Central Bank of Bahrain, sealing Bahrain’s position as the regional fintech hub.
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