Regulatory Alerts2023-08-23
Amendments to Crypto-asset Module (Module CRA)
The Central Bank of Bahrain proposes a new Section CRA-5.9 within its Crypto-asset Module to mandate Cyber Hygiene Practices for licensed entities. The regulator requires crypto-asset licensees to submit written feedback, including nil responses, in an editable format by 23 August 2023. These amendments will be published on the CBB website to strengthen the Kingdom's overarching regulatory framework for digital assets.
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