Bahrain Rain crypto exchange seeks license in Pakistan

Bahrain Rain crypto exchange, seeks a license in Pakistan and has appointed Zeeshan Ahmed as its Country General Manager, Pakistan.  As per the release, while Rain is not yet operational in Pakistan, it will be advocating for the regulation and seek licensing in the country. 

Zeeshan is a senior management professional leading turnaround and growth strategies. With a career span of over 16 years, 7 of which were spent at strategic C level positions, he most recently worked as the Chief Executive Officer for Askari Enterprises (A subsidiary of AWT). 

Pakistan in 2021 had more than 9 million crypto users.

Commenting on his appointment Zeeshan said “I am thrilled to be joining Rain Pakistan at this pivotal time for the blockchain and crypto industry. I look forward to working with the talented team at Rain and developing a licensed and regulated cryptoasset exchange in Pakistan”. 

Rain crypto exchange recently raised 100 million USD, and as per the company had carried out more than 2 billion USD worth of transaction and currently has 200,000 active users with over 500 employees. It also announced in early 2022 that it had received an in principle approval for a license in ADGM in Abu Dhabi.

UNLOCK previously covered the interest of Rain crypto exchange in Pakistan.

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