Bahrain is interested in adopting the universal digital currency for the sake of adoption of the 'country level' of Blockchain technology such as Bitcoin

The Kingdom of Bahrain, the constitutional monarchy of more than 30 densities in the Persian Gulf, is taking a Bitcoin-friendly approach to becoming a fiber-based hub in this area. Khalid Al Rumaihi, chief executive of Bahrain's Economic Development Board, on Wednesday, announced plans to set up a regulatory sandbox in the country, speaking at Manmad's capital, Surat Innovation Forum, on Wednesday. EDB is a government agency that works to implement and implement the country's economic development strategy.

In particular, al-Ramai had indicated that the Finance Ministry of Bahrain was also eager to adopt digital currency such as the country's financial corporations and surveillene-bitcoin.

Interestingly, the government official said that the Bitcoin exchange operator in Saudi Arabia asked the establishment of a Bitcoin Exchange in Bahrain. "We are working with the Central Bank of Bahrain," said Al Ramaimi. In addition, he also told that Bahrain used to adopt and use the digital currency to indicate that Bahrain could issue a bond on the digital currency.

All digital currency-related developments in the private sector will be in a regulatory sandbox recently introduced by the country's central bank, which is a step in the area to like itself as a finite hub in the region.