According to ChainCatcher, Crypto.com announced on X Platform that Crypto.com has obtained full approval from the Central Bank of Bahrain to provide payment service provider (PSP) services through its subsidiary registered in Bahrain (trade name "FORIS GFS BH B.S.C.Close").

After obtaining the PSP license, Crypto.com will be able to expand its electronic currency and fiat currency-based payment services in the region, including the launch of its prepaid card.