At Finjuris Counsel, we specialize in providing end-to-end legal, regulatory, and compliance support for blockchain ventures looking to establish a presence in the Kingdom of Bahrain. The Kingdom of Bahrain offers one of the most forward-thinking regulatory environments in the region.
We guide startups and established companies through the entire process of obtaining a Crypto Asset Service Provider (CASP) license issued by the Central Bank of Bahrain (CBB) from entity formation and license selection to full compliance, enabling you to operate a wide range of crypto-related activities in this progressive jurisdiction.
Bahrain has strategically positioned itself as a blockchain hub through its progressive regulatory stance and international business appeal. Here's why it stands out:
Bahrain is among the few jurisdictions in the Middle East with clear, detailed regulations for crypto assets. The CBB has issued the Crypto-Asset Module (CRA) under Volume 6 of its Rulebook, providing a comprehensive structure for licensing, supervision, and compliance of crypto-related businesses.
Located at the crossroads of the Middle East, Bahrain offers unparalleled access to the Gulf Cooperation Council (GCC) markets. The country has strong bilateral economic ties with the UAE, Saudi Arabia, and Qatar, making it an ideal launchpad for crypto firms looking to scale across the region.
Bahrain offers one of the most advanced regulatory sandbox programs in the MENA region. Additionally, Bahrain FinTech Bay serves as a central collaborative ecosystem, providing startups with physical space, mentorship, and access to regional investors.
The CBB offers four distinct categories of the Crypto Asset Service Provider license, each tailored to different operational scopes. Here's a breakdown:
To obtain the CASP license there must be minimum maintenance of the capital requirements that vary according to the licensing categories.
Obtaining a Crypto Asset Service Provider (CASP) License from the Central Bank of Bahrain (CBB) involves a multi-step process that demands thorough planning, regulatory compliance, and technical documentation. Finjuris Counsel provides end-to-end assistance throughout the licensing journey, ensuring a smooth and efficient process for our clients.
The process begins with an initial eligibility assessment, where Finjuris evaluates your business model, proposed services, and jurisdictional background to determine whether you qualify for a CASP license. We help you identify the appropriate license category (Category 1 to 4) based on the scope of your crypto activities, such as trading, custody, or operating a crypto exchange. Our team advises on capital adequacy, governance structure, and risk appetite to align with CBB requirements.
Next, we assist in the formation of a legal entity in Bahrain. We suggest the best-suited form of business entity for the crypto asset businesses in Bahrain. A Bahraini joint stock company or a Bahrain-based branch of a foreign business that has been incorporated under the rules of its home territory is the most popular form of entity for crypto business in the country. Next, Reserve the name of the company.
The most critical phase is the preparation and submission of the license application. Here, Finjuris assists in drafting a comprehensive set of documents required by the CBB, including the business plan, compliance framework, AML/CFT policies, IT security manuals, and internal control policies. We also assist with the CBB’s approval process for individuals holding “controlled functions” (such as Directors, Compliance Officers, and Money Laundering Reporting Officers), ensuring that all appointees meet the regulator’s fit and proper criteria.
Once the above process is completed the application will be submitted to the CBB. On submission of all the required documentation in a form acceptable to the CBB. It will provide a formal decision on the license application within 60 days. Once the formal decision is provided the entity will receive the Bahrain Crypto Asset Service Provider license and business operations shall be started within the stipulated time frame to maintain the license.
With extensive experience across the GCC, Europe, and Asia, Finjuris bridges international best practices with Bahrain’s local regulatory nuances.
From strategic advisory to company formation, application drafting, CBB liaison, and post-licensing compliance we handle it all so you can focus on your core business.
Our team of legal experts and compliance professionals ensures your crypto business meets all CBB regulatory, AML, and cybersecurity requirements with zero compromise.
We streamline the licensing process with tried-and-tested workflows, minimizing delays and positioning you to launch in the Bahrain market quickly and confidently.
Finjuris doesn’t stop at licensing we provide continuous support for reporting, audits, system reviews, and risk assessments to keep you compliant long-term.
From lean Web3 startups to global fintech institutions, clients trust us for our transparent approach, dedicated support, and proven results.
Take the first step toward launching your regulated crypto business in Bahrain with confidence. At Finjuris Counsel, we combine regional expertise, legal precision, and end-to-end support to simplify your licensing journey with the Central Bank of Bahrain. Whether you're a startup or a scaling enterprise, our team is here to guide you through every phase from strategy and incorporation to regulatory approval and beyond. Get in touch with us today to schedule a personalized consultation and explore how we can turn your crypto vision into a compliant reality.
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