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Central Bank of Bahrain Releases Stablecoin Issuer License and Regulatory Framework
Summary: According to reports, the Central Bank of Bahrain announced on July 4 the introduction of a regulatory framework for stablecoin issuers to ensure the safe integration of stablecoins into the financial system. The new regulations allow licensed institutions to issue single-currency stablecoins backed by the Bahraini Dinar, US Dollar, or other approved fiat currencies. This ...
According to reports, the Central Bank of Bahrain announced on July 4 the introduction of a regulatory framework for stablecoin issuers to ensure the safe integration of stablecoins into the financial system. The new regulations allow licensed institutions to issue single-currency stablecoins backed by the Bahraini Dinar, US Dollar, or other approved fiat currencies. This move aims to reduce the risks associated with unregulated stablecoins, enhance investor confidence, and promote sustainable growth in the industry.
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Link: Central Bank of Bahrain Releases Stablecoin Issuer License and Regulatory Framework [Copy]
