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CRA-2.1.1

The legal status of a licensed crypto-asset service licensee must be:

(a) For undertaking Category-1, Category-2 and Category-3 regulated crypto-asset services
(i) A Bahraini company with limited liability ("W.L.L."); or
(ii) A Bahraini joint stock company (B.S.C.); or
(iii) [This Subparagraph was deleted in April 2023].
(b) For undertaking Category-4 regulated crypto-asset services (Licensed crypto-asset exchange)
(i) A Bahraini joint stock company (B.S.C.); or
(ii) [This Subparagraph was deleted in April 2023].
Amended: April 2023
Added: April 2019