SOLOWIN HOLDINGS's AX Coin Receives In-Principle License Approval from Bahrain Central Bank

SOLOWIN HOLDINGS' AX Coin has received an in-principle license approval from the Central Bank of Bahrain for a stablecoin license, subject to final regulatory approval. This makes AX Coin the first stablecoin issuer to receive such approval from the CBB. The approval allows AX Coin to launch a compliant stablecoin within the regulatory framework and drive the development of its stablecoin ecosystem across the Middle East and Africa region.