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Bahrain: Imprisonment and a fine of 100,000 dinars for those who commit this act
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as Article (391 bis) of the Penal Code stipulates a prison sentence and a fine of no less than 100,000 dinars or one of these two penalties for anyone who collects or receives funds

Who among us has not heard about trading or investing in digital currencies, and who has not seen advertisements spread in social media calling for investing in Bitcoin or other digital currencies. Everyone wants to participate in this investment to get quick profit.
However, can a person who possesses information in the field of trading and investing in digital currencies invest the money of his relatives and friends on their behalf due to their lack of knowledge in this field?
The answer is no, as Article (391 bis) of the Penal Code stipulates a prison sentence and a fine of no less than 100,000 dinars or one of these two penalties for anyone who collects or receives funds from others with the intention of investing them without obtaining a license from the Central Bank of Bahrain.

Therefore, you should be careful not to invest the money of others without a license, even if it is the money of one of your relatives.
It is also always advised to buy and sell digital currencies through a trading platform for a company approved in the Kingdom of Bahrain and licensed by the Central Bank of Bahrain, to ensure the correctness of the trading and investment process and to ensure that they are not exposed to fraud from fake companies that delude people into making a greater profit and then ask them to transfer Larger sums to seize their money.

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