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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Central Bank of Bahrain
مَحْكَمَةُ البحرين المركزيّة

OG/248/2023
26th July 2023

Chief Executive Officer
Crypto-asset Licensees
Manama
Kingdom of Bahrain

Dear Sir/ Madam,

Consultation: Amendments to Crypto-asset Module (Module CRA)

As part of the CBB’s objective to further enhance its regulatory framework, the CBB is hereby proposing to introduce a new Section “CRA-5.9” within Module CRA of CBB Rulebook – Volume 6 in respect of “Cyber Hygiene Practices”.

The proposed amendments are attached and will be available on the CBB website (www.cbb.gov.bh) under the “open consultations” section.

The CBB requests you to provide your comments, including “nil comments” on the proposed amendments in an editable format to consultation@cbb.gov.bh by 23rd August 2023.

Yours faithfully,

Rasheed M. Al-Maraj
Governor

هاتف: +973 1754 7000، فاكس: +973 1753 7799، ص.ب 27، المنامة، مملكة البحرين T +973 1754 7500, +973 1754 7555, F +973 1753 7799, P.O. Box 27, Manama, Kingdom of Bahrain, www.cbb.gov.bh

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Source: Central Bank of Bahrain — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works