Singapore Gulf Bank launches Bahrain’s first regulated crypto-compatible corporate banking services

Singapore Gulf Bank (SGB), a digital bank backed by Whampoa Group and Bahrain's sovereign wealth fund Mumtalakat, has launched its corporate banking services, including those compatible with cryptocurrencies, according to a press release from the Bahrain Economic Development Board. With full regulatory approval from the Central Bank of Bahrain, SGB has become the first regulated bank in Bahrain to offer a single platform for managing both traditional and digital assets. By year’s end, SGB intends to roll out its digital banking services to individual clients.