Central Bank of Bahrain Introduces Licensing and Regulatory Framework for Stablecoin Issuers

Foresight News reports that, according to the Bahrain News Agency, the Central Bank of Bahrain has announced the launch of a licensing and regulatory framework for stablecoin issuers, aimed at ensuring the secure 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.