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.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
A certain whale has opened a 20x leveraged long position on 300 BTC, with a liquidation price of $60,424.6.
Market Focus: How the Federal Reserve Meeting Minutes Will Reveal the Direction of Interest Rates
ZEC's market capitalization exceeds $11.6 billions, ranking 15th among cryptocurrencies.
Trending news
MoreCrypto prices
More
