AX Coin, a subsidiary of Huaying Group, has obtained the first digital currency issuer license issued by the Central Bank of Bahrain.

Glonghui, June 4 — HuaWin Group (Nasdaq: AXG) announced today that its subsidiary and digital currency issuer, AX Coin Bahrain B.S.C. (c) ("AX Coin"), has officially obtained a license issued by the Central Bank of Bahrain (CBB), allowing it to conduct digital currency issuer operations. This marks a significant milestone for the global regulated digital asset industry. As the first issuer to obtain a license under the Central Bank of Bahrain’s digital currency regulatory framework, AX Coin has officially joined the ranks of globally compliant issuers directly supervised by a sovereign central bank, further consolidating Bahrain's position as a leading global hub for digital asset innovation.Dr. Zhu Haokang, Co-founder of HuaWin Group and Chairman of AX Coin, stated: “This approval from the Central Bank of Bahrain is a defining milestone for AX Coin, validating our ability to expand compliant digital financial infrastructure worldwide. With this solid, regulated foundation, we are fully prepared to integrate digital currencies into real-world systems, thereby driving broad institutional adoption in payments and clearing settlements.”