Bahrain Central Bank Launches Licensing and Regulatory Framework for Stablecoin Issuers

Odaily News The Central Bank of Bahrain announced the launch of a licensing and regulatory framework for stablecoin issuers, aimed at ensuring 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, the U.S. dollar or other approved fiat currencies. The move aims to reduce the risks of unregulated stablecoins, enhance investor confidence and promote sustainable growth in the industry. (Bahrain News Agency)