Central Bank of Bahrain introduces regulations for stablecoin issuance… Legal path for issuance opens
Heecheol Yang
Summary
- The Central Bank of Bahrain has announced the country's first regulations for stablecoin issuance and circulation.
- Binance subsidiary BPay Global has received a license to operate payment services.
- The introduction of these regulations has made it possible to issue stablecoins in compliance with regulations.
The Central Bank of Bahrain (CBB) has announced the country's first regulations for the issuance and circulation of stablecoins, called the 'Stablecoin Issuance and Offering (SIO) Module.'
On the 3rd (local time), WuBlockchain reported, "The CBB has granted BPay Global, a subsidiary of Binance, a license to operate payment services."
The media also added, "This regulation enables the issuance of stablecoins in compliance with regulations."
Heecheol Yang
heecheol@bloomingbit.ioHello, I'm a reporter at bloomingbit
