As a closed-circle payment technology facilitator, Bashqash is not required to register itself under any country’s central bank. Think of Disney Land for example, they facilitate payment for their games and venues using their own issued cards without having to be registered as a banking institute under the Federal Bank. Bashqash creates your own closed payment circle. Simple.

However, the management is considering applying for sandboxes of several central banks within the region and globally very soon just to make sure it can expand its business in later stages.