The Central Bank of Bahrain announced a licensing framework aimed at regulating stablecoin issuers to fortify investor confidence and support digital economy growth. The framework allows issuing fiat-backed stablecoins, specifically the Bahraini dinar and U.S. Dollar, ensuring market transparency.
This initiative is anticipated to boost institutional interest in the crypto market and solidify Bahrain’s financial standing in the Middle East. The CBB emphasizes adopting innovative financial technologies and controlled integration of digital finance.
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