Rain Crytpo Exchange Get License in Middile East

As there is development in the crypto field. We heard daily a piece of news about crypto that its growing and expanding in every part of the world. People and Governments are getting trust in it and getting a better understanding of crypto. Now it's going more easy to use crypto to hold crypto for yourself or trade because Governments are taking steps to regularize it.

A Bahrain Crypto Company or Exchange Rain get the license from Central Bank of Bahrain. Its the first company from the Middle East to get the license Crypto Asset Module. They confirmed on Wednesday that they have got a license for the company from local authorities. They were trying to get this license since 2017 and now finally they succeed.

This license announcement will help them to grow in the region. Because its the only crypto that has the license to deal with crypto. Now People will more trust on it than others and rush towards it to do legal trade or hold crypto for themselves. It will make it a bigger exchange after people investment.

On Official Blog, Rain Said “We are pleased to announce that the Rennes platform has been licensed by the Central Bank of Bahrain (CRA). With this license, Rennes has become the first encrypted currency trading platform in the Middle East to be fully licensed by a regulatory entity and join a limited range of the world's best-encrypted currency platforms.”

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