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Event date : July 29, 2018

Country : Manama, Bahrain

Ticket Price : NA

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Manama, Bahrain

World Blockchain Congress - Manama, Bahrain

We at TraiCon will be hosting the “World Blockchain Congress Bahrain 2018” scheduled to take place on the 29th and 30th of July 2018 in Bahrain. This Two Day Summit is an Educative Platform comprising of both Local and International Case Study Presentations, Highly Interactive Panel Discussions and Networking Sessions.

We request all the Key Government Sector Stake Holders, Private Sector Stake Holders and Solution Providers to support us and actively participate in this Summit which focuses on the implementation of Blockchain to improve Efficiency of Services and Boost the Economy of the Country.

 

Why Bahrain?

  • Bahrain is interested in adopting Digital Currencies like Bitcoin amid a wider impetus toward a ‘Country Level’ adoption of Blockchain Technologies.

 

  • The Kingdom of Bahrain, a Constitutional Monarchy of over 30 Islands in the Persian Gulf, is taking a Bitcoin-friendly approach in its advent to become a FinTech Hub in the Region. Speaking at an ‘Innovation Forum’ in Bahrain’s Capital of Manama in the last quarter of 2017; Bahrain’s Economic Development Board (EDB) has revealed plans towards installing a Regulatory Sandbox in the Country. The EDB is one of the Government Leading Agencies that has been tasked to plan and implement the Country’s Economic Development Strategy.

 

  • In response to a query about Crypto Currencies at a different forum, it was stated that Bahrain as a country is open for Bitcoins.’

 

  • Notably, it was indicated that Bahrain’s Finance Ministry – the Country’s Financial Regulator has also shown keen interest in adopting Digital Currencies like Bitcoin. Intriguingly, the Government Official revealed that a Bitcoin Exchange Operator in Saudi Arabia made inquiries toward establishing a Bitcoin Exchange in Bahrain.

 

  • Furthermore, it was also revealed the extent to which Bahrain could adopt and use Digital Currencies by suggesting that Bahrain could also issue Bonds on a Digital Currency. All Digital Currency-related Developments in the Private Sector would occur in a Regulatory Sandbox recently unveiled by the Country’s Central Bank, a move toward endearing itself as the FinTech Hub in the Region.

 

 

 

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