Manama, Feb. 11 -- The Central Bank of Bahrain (CBB) has warned consumers against dealing with unlicensed financial institutions that market and offer online financial services.

This warning comes as a result of recent online marketing for an unlicensed institution by CBB under the name of "MessengerBank", which claims to provide asset management, brokerage and investment banking services through an online platform that allows exchanging and managing digital assets.

The CBB also emphasized that the activity of promoting financial services to residents in the Kingdom of Bahrain falls within the scope of regulated financial services in accordance with the Central Bank of Bahrain and Financial Institutions Law of 2006.

The CBB also stress...