"Bahrain Central Bank Preparing Stablecoin Issuance Regulations... Announcement Expected Soon"
Minseung Kang
Summary
- The Central Bank of Bahrain announced that they are preparing stablecoin issuance regulations.
- They stated that the central bank's supervisory authority will be strengthened with the introduction of new regulations.
- Bahrain is known as a crypto-friendly nation, and attention should be paid to their regulatory implementation.
Reports indicate that the Central Bank of Bahrain is set to introduce regulations regarding stablecoin issuance.
According to cryptocurrency media News Bitcoin on the 13th, Sheikh Salman bin Khalifa Al Khalifa, Minister of Finance and National Economy of Bahrain, revealed that they are currently drafting regulations for stablecoin issuance.
The media outlet noted that "Bahrain has been emerging as a crypto-friendly nation for several years," adding that "with the introduction of new regulations, the central bank's supervisory authority will be further strengthened."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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