Category: Asia

Bahrain, as part of its ambition to become a leading FinTech hub in the region, implemented comprehensive regulations to govern and license crypto-asset services. This proactive stance towards cryptocurrency regulation was spearheaded by the Central Bank of Bahrain (CBB), reflecting the country’s commitment to fostering a secure and innovative...

Prior to 2024, Oman’s approach to cryptocurrency regulation was evolving to adapt to the growing interest in digital assets among its residents. The Sultanate’s financial market regulator, the Capital Market Authority (CMA), undertook significant steps to establish a regulatory framework for virtual assets. Emerging Regulatory Framework Capital Market Authority’s...

Singapore’s approach to cryptocurrency regulation prior to 2024 was marked by a structured system governing digital payment token (DPT) providers under the Payment Services Act (PSA). The PSA, introduced in 2019, established a cohesive regulatory framework for DPT service providers in Singapore, overseen by the Monetary Authority of Singapore...