Palmex Receives Regions First Regulatory Sandbox License

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  • Palmex is the first digital assets exchange in the MENA region

 

 

  • Palmex has recently become the first and only cryptocurrency exchange in MENA to receieve a Regulatory Sandbox License by the Central Bank of Bahrain (CBB), which comes into effect on July 15th

 

  • ArabianChain founder and CEO Mohammed Alsehli said: “As the only regional digital asset exchange with a Sandbox license, we expect to see a significant rise in awareness and adoption, driving a huge spike in the number of trades and token-based fundraising across the region while maintaining the safety of the financial system. The wild fluctuations and phenomenal surge in valuation of cryptocurrencies like Bitcoin have continued to drive exponential growth in demand to trade and issue digital assets. The region has been eagerly waiting for a regulator-approved platform that makes it possible for them to buy and sell in a secure environment. Palmex is set to play a key role in disrupting the traditional financial system as we continue to fuel the region’s innovation-driven economy and the global blockchain industry.”

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