regulation

CBB Rulebook Vol. 6 — Crypto-Asset Module (CRA) 2024

Issuing bodyCBB
CountryBahrain
RegionNational
Date issued2024
crypto-asset regulationlicensingcybersecurityrisk management

The CBB Rulebook Vol. 6, Crypto-Asset Module (CRA) 2024, outlines the regulatory framework for crypto-asset services in Bahrain. It covers licensing requirements, minimum capital, business standards, technology governance, cybersecurity, risk management, and reporting obligations for entities engaged in crypto-asset activities. The module aims to ensure the stability and integrity of the crypto-asset market and protect consumers.

Key requirements
  • Obtain a crypto-asset service license from the CBB.
  • Maintain minimum capital requirements as specified by the CBB.
  • Implement robust technology governance and cybersecurity measures.
  • Adhere to business standards and ongoing obligations related to client protection and marketing.
  • Comply with reporting, notification, and approval requirements.
Applies to: Licensed crypto-asset service providers in Bahrain
View original document ↗Ask GCC LexAI about this →
More from CBB
CBB Rulebook Vol. 4 — Cyber Security Risk Management ModuleCBB Rulebook Vol. 5 — Open Banking Regulatory Module 2023CBB Rulebook Vol. 6 — Stablecoin Issuance and Offering Module 2024
AI-generated summaries only. Arabic originals are legally binding. This is not legal advice. · ← All documents