"Timestamp","What is/was your general area of work within the local cryptocurrency exchange?","In your opinion, what is the biggest advantage of being heavily regulated by the Central Bank of Bahrain (CBB)?","Please specify the 'Other' advantage of CBB regulation:","On the flip side, what is the biggest negative impact of the strict CBB rules on a local exchange? (Select all that apply)","From your experience, who is the 'average' customer that uses a local exchange like Rain?","Would you agree that the #1 reason regular Bahraini locals stick to local exchanges (instead of global ones) is purely because they feel it is the most secure option under CBB regulations?","Maintaining strict CBB compliance, high security, and local banking ties is expensive for an exchange. Do you believe this results in higher 'hidden fees' (such as wider buy/sell spreads) being passed down to the customer, making the local exchange more expensive to use than international platforms?","While local exchanges often promote ""zero-fee"" local bank deposits/withdrawals, many retail users complain about hidden costs, such as wide buy/sell spreads (exchange rates) and high crypto withdrawal fees. From an operational standpoint, are these wider spreads and hidden fees a necessary strategy to cover the high costs of CBB compliance and maintaining local banking rails?","It is a known trend that advanced Bahraini traders often prefer International Binance over local apps. Why do you think that is? (Check your top 2 reasons)","Do you believe that by making the rules *too* strict, regulators accidentally push advanced traders into using riskier, unregulated international platforms?","Some local businesses (like Jasmi's) tried accepting crypto but stopped. Do you think regular consumers will ever use crypto to buy daily items (like food or clothes) in Bahrain, or will it only remain an investment asset?","If you could give the Central Bank of Bahrain (CBB) one piece of advice on how to help local exchanges compete with global giants like Binance, what would it be? (Your answer will be used for policy recommendations)"
"2026/04/12 12:44:58 AM GMT+3","Operations / Strategy","It makes older, high-net-worth individuals feel safe depositing large amounts of money.","More customer because its backed by cbb","It takes too long to get new coins approved for trading.","Large institutions and very wealthy individuals (VIPs).","Strongly Agree – Security and CBB backing is their main priority.","Partially, but the fees are clearly stated and fair for the market.","Partially. It is a mix of compliance costs and general business profit margins.","They want access to hundreds of smaller altcoins that local exchanges aren't allowed to list.;The trading fees on global platforms are cheaper.","Somewhat, but safety is more important.","They will i still do it ","Stop doing compliance check every week"
"2026/04/12 12:54:42 AM GMT+3","Compliance / Legal / Regulatory","It makes older, high-net-worth individuals feel safe depositing large amounts of money.","Regulated","The KYC (Know Your Customer) onboarding process is too long and frustrates new users.","Mostly beginners who just want to buy and hold Bitcoin/Ethereum safely.","Strongly Agree – Security and CBB backing is their main priority.","Yes, the wider spreads/fees are the 'price' the user pays for local CBB security.","Yes, the high compliance and banking costs are built directly into the spreads/exchange rates.","They want advanced features like Futures, Staking, and Leverage.","Yes, absolutely.","Only remain investment asset","Should not heavily charge clients"