Bahrain Central Bank Releases First Crypto Exchange to Graduate Its Regulatory Sandbox

Bahrain-based Shariah compliant cryptocurrency exchange Rain has first completed the Central Bank of Bahrain’s (CBB) Regulatory Sandbox, the Saudi Gazette reported on Feb. 26.

Rain, which was founded in 2016, has reportedly become the first digital currency exchange to complete the sandbox. The exchange reportedly passed a Shariah compliance certification today, Feb. 26, which was led by a leading Sharia consultancy and audit firm licensed by the central bank of Bahrain, the Shariah Review Bureau (SRB).


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