Tag: Bahrain
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Bahrain is Eyeing at Becoming Middle East Pioneer in Blockchain
Bahrain, one of the major oil-producing country in UAE, is turning to digital currencies as part of their financial structure. According to Khalid Al Rumaihi, the chief executive of the Economic Development Board of Bahrain, the adoption of digital currencies in the system of Bahrain had been suggested over time through the finance ministry of the…
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Bahrain Bank First in MENA Region to Join R3 Blockchain Consortium
Bank ABC, an international banking group headquartered in Bahrain is the latest financial institution to join the global banking-centric blockchain consortium led by New York-based startup R3. Bank ABC, formerly known as the Arab Banking Corporation, has become the first financial institution in the MENA (Middle East and North Africa) region to join the R3…