The Swiss based Crypto Valley Association; a nonprofit crypto and blockchain ecosystem announced that the Bahrain Economic Development Board, which focuses on attracting investments to Bahrain, has become its latest member.

As per the announcement, the association noted, “We are beyond excited to announce Bahrain Economic Development Board (EDB) as our newest corporate member!”

Bahrain Economic Development Board collaborates with government bodies and investors globally to identify and cultivate mutually beneficial opportunities, actively contributing to Bahrain’s economic diversification and sustainable growth.

The Crypto Valley Association is known as Switzerland’s leading blockchain & crypto ecosystem. It has been fostering collaboration and growth in the global blockchain ecosystem since 2017.

Bahrain was the first country in the GCC to incorporate crypto exchanges under a regulatory regime. It currently has three licensed crypto exchanges and brokers, including RAIN, Binance and CoinMENA.

It seems Bahrain is gearing towards attracting more crypto and blockchain companies to the country in 2024.