Bitcoin has gained prominence in the financial systems of various countries, including Bahrain. The cryptocurrency has emerged as a new and exciting asset class that enables people to exchange goods and services without the need for a third party intermediary like banks.
Its decentralized nature and the capability to be stored in a digital wallet have made it popular among young people and tech-savvy individuals.In Bahrain, the Central Bank of Bahrain (CBB) has taken a progressive stance towards digital currencies.
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