— On April 22, the “China-Bahrain New Energy and Blockchain Innovation Technology Salon” was successfully held in Shenzhen, China. The event was organized by the Business Technology and Innovation Centre of The Hong Kong Polytechnic University, co-organized by CODE COIN INTL TECH CO., LIMITED (CodeCoin), and co-sponsored by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI). Industry representatives, financial organizations, and technology enterprises from both China and Bahrain gathered to engage in in-depth discussions on the convergence of new energy and blockchain technology, and to witness the formal signing of a strategic cooperation agreement.
Benny Huang, CEO of CODE COIN INTL TECH CO., LIMITED (CodeCoin), delivered remarks as a representative of the co-organizers. He noted that China holds a globally leading position in photovoltaic manufacturing and battery technology, while Bahrain stands at the forefront of the Middle East in financial regulation and Islamic finance innovation — making the two sides highly complementary. He stated: “Compliance capability and underlying technology are the twin engines driving CodeCoin forward. We aim to leverage our quantum encryption-integrated blockchain payment infrastructure to deliver more efficient and secure cross-border payment and clearing services for real trade scenarios such as new energy.”
H.E. Ibrahim, former Minister of Housing of Bahrain, former Deputy Governor of the Central Bank of Bahrain, and former Deputy Minister of Finance, delivered remarks as a representative of the co-sponsors. He shared Bahrain’s experience in financial regulation and Islamic finance development, and expressed strong confidence in the prospects for China-Bahrain cooperation.
During the salon, CodeCoin and AAOIFI formally signed the “Strategic Cooperation Agreement on Blockchain Finance and Islamic Finance”. AAOIFI is the most authoritative compliance standard-setting body in the global Islamic finance sector. Its compliance framework serves as the core benchmark for Islamic financial compliance, significantly enhancing the Sharia compliance, transparency, and market credibility of financial products, while accelerating market access in global Muslim markets. This signing marks CodeCoin’s commitment to leveraging AAOIFI’s compliance framework to develop and launch Sharia-compliant blockchain financial products in due course, directly addressing the long-standing challenge of Sharia compliance certification in the Islamic finance market.
Previously, CodeCoin received approval-in-principle for a stablecoin issuance license from the Astana Financial Services Authority (AFSA) of Kazakhstan, pending final approval to commence operations. CodeCoin’s payment products are currently undergoing quantum encryption technology upgrades, which will establish next-generation technical barriers in transaction security. This strategic partnership with AAOIFI further extends CodeCoin’s compliance footprint into the Middle East and Islamic finance markets.
Going forward, CodeCoin will continue to uphold its dual commitment to compliance-first principles and technological innovation. By leveraging its global multi-license framework, quantum encryption security architecture, and the AAOIFI compliance standard framework, CodeCoin is committed to driving the scaled deployment of cross-border payment infrastructure in real-world scenarios including new energy trade and Islamic finance.
Contact Info:
Name: Liu Yanrui
Email: Send Email
Organization: CODE COIN INTL TECH CO., LIMITED
Website: https://www.codecoinx.com/
Release ID: 89190170
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