The Central Bank of Bahrain (CBB) announced the introduction of a framework for licensing and regulating stablecoin issuers, aimed at ensuring the safe and sound integration of stablecoins into the financial system.
Under the new stablecoin regulation, licensed stablecoin issuers are permitted to issue single-currency stablecoins backed by Bahraini dinar, US dollar, or any other fiat currency acceptable by the CBB .
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