Regulatory Alerts2024-11-17
Consultation on Proposed Stablecoin Issuance and Offering Module
The Central Bank of Bahrain proposes a new regulatory framework governing the issuance and offering of stablecoins to licensed financial entities. The proposed module establishes risk-proportionate capital requirements, mandates specific reserve asset composition and management mechanisms, and enforces strict segregation of client assets. Licensees and interested parties must submit their feedback, including responses to the consultation questionnaire covering redemption rights and operational impacts, by 17 November 2024.
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