How To Setup a Rain Cryptocurrency Exchange Account in UAE |Create Your First Crypto Wallet in Dubai
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Rain is licensed by the Central Bank of Bahrain as a Category 3 Crypto-Asset Services Provider. We are headquartered in the Kingdom of Bahrain
List of supported countries
Rain offers clients the opportunity to buy, sell, and store cryptocurrency using multiple Middle Eastern currency pairs. More information on the Rain currency pairs here.
Below is a list containing some of the countries currently supported on Rain.
Bahrain
Kuwait
Oman
Saudi Arabia
United Arab Emirates
If you have any questions, please contact us at support@rain.bh.
Rain was founded in 2017 by Abdullah Almoaiqel, AJ Nelson, Joseph Dallago, and Yehia Badawy. Rain currently has subsidiaries in various jurisdictions, including Bahrain, Turkey and UAE. Rain Financial Inc.’s subsidiary, Rain Management W.L.L, based in Bahrain, became the first licenced crypto-asset service provider in the Middle East in 2019 by the Central Bank of Bahrain. The platform serves as a safe space to buy, sell and store approved cryptocurrency at competitive pricing and fees. Rain continues to evolve as a company and develop the technology to optimize the user experience. Rain’s mission is to bring forward a trusted platform to all current and future customers in the cryptocurrency space.
Rain has received its In-Principle Approval (IPA) for a Financial Services Permission (FSP) from the Abu Dhabi Global Market’s (ADGM) Financial Services Regulatory Authority (the FSRA)
The FSRA has granted the IPA to ADGM-registered entity, Rain Trading Limited
The FSP, once issued following successful completion of all IPA conditions, would enable Rain to list a greater number of virtual asset pairs provided they meet the ‘Accepted Virtual Assets’ criteria set out by the FSRA
GCC - January 2022: Rain has received its In-Principle Approval (IPA) for a Financial Services Permission (FSP) from the Abu Dhabi Global Market’s (ADGM) Financial Services Regulatory Authority (the FSRA). The ADGM has one of the most sophisticated regulatory frameworks for financial services providing clarity, transparency and security for entrepreneurs and their customers. This step reaffirms Rain’s position as a trusted partner that can provide quality and reliable virtual asset services across the GCC.
Once Rain has satisfied all IPA conditions and receives its FSP, Rain will be able to offer its services to customers outside the GCC region, as well as the currently-serviced GCC region (through Rain Financial Inc.’s subsidiary, Rain Management WLL).
How To Setup a Rain Cryptocurrency Exchange Account in UAE |Create Your First Crypto Wallet in Dubai
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