UAE fintech Rain strengthens ties with Omani regulators through crypto assets workshop

UAE fintech Rain, a leading regulated crypto assets brokerage in the Middle East, conducted a crypto assets workshop in Oman last week in collaboration with the Financial Services Authority (FSA) and the Central Bank of Oman (CBO). The session brought together policymakers from these regulatory bodies alongside key stakeholders from major banks and financial institutions, highlighting the region’s growing role as a leader in this industry.

The crypto assets workshop explored the importance of regulatory clarity, risk mitigation, and compliance in shaping a sustainable crypto assets sector. Rain highlighted the role of strong governance and industry best practices in ensuring long-term growth and stability.

Led by Rain co-founders Joseph Dallago and Yehia Badawy, Rain’s team provided an in-depth analysis on global regulatory developments, the necessity of robust security measures, and the pivotal role of transparency in building trust within the industry. The workshop facilitated an open exchange between regulators and industry stakeholders, reinforcing Oman’s efforts to explore and integrate crypto assets and blockchain innovation in a structured manner.

“This workshop aligns with Rain’s ongoing mission to support regulators and financial institutions in navigating the crypto assets landscape. We appreciate the opportunity to collaborate with the Financial Services Authority and the Central Bank of Oman, and we remain committed to constructive dialogue that fosters responsible growth in the sector,” said Yehia Badawy, Co-Founder of Rain.

The visit further reflects Rain’s commitment to creating a safe, and regulated space for the crypto assets industry. By working closely with regulators and financial institutions in the region, Rain continues to advocate for robust compliance standards, transparency, and investor protection, ensuring the industry develops in a responsible and sustainable manner.