regulation

CBB Rulebook Vol. 6 — Stablecoin Issuance and Offering Module 2024

Issuing bodyCBB
CountryBahrain
RegionNational
Date issued2024
StablecoinsLicensingFinancial ResourcesCybersecurity

The Central Bank of Bahrain's (CBB) Volume 6, Stablecoin Issuance and Offering Module (SIO) outlines the regulatory framework for stablecoin offerings within Bahrain's capital markets. It covers licensing, financial resource requirements, business standards, reserve asset management, and technology governance. The module aims to ensure the stability and security of stablecoins offered in Bahrain and protect consumers.

Key requirements
  • Maintain a minimum initial paid-up capital as specified by the CBB.
  • Comply with reserve asset composition and management requirements.
  • Publish a stablecoin whitepaper with specified content.
  • Implement robust technology governance and cybersecurity measures.
Applies to: Entities seeking to issue and offer stablecoins within Bahrain's jurisdiction, licensed or regulated by the CBB.
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