Central Bank of Bahrain Introduces Licensing and Regulatory Framework for Stablecoin Issuers

Odaily Planet Daily – The Central Bank of Bahrain has announced the launch of a licensing and regulatory framework for stablecoin issuers, aiming to ensure the secure integration of stablecoins into the financial system. Under the new regulations, licensed institutions are permitted to issue single-currency stablecoins backed by the Bahraini dinar, US dollar, or other approved fiat currencies. This initiative seeks to mitigate the risks associated with unregulated stablecoins, boost investor confidence, and promote sustainable industry growth. (Bahrain News Agency)