The Central Bank of Bahrain (CBB), after it issued a consulting paper on Stablecoins in October 2024, now the full Stablecoin list on July 2, 2025. CBB provides licenses for Stablecoin or guards for them to be on anything else. CBB.
The Central Bank of Bahrain indicated that after consulting with the industry, CBB is issued according to this stereotype and accessories under the size of CBB 6 (see SIO and its annexation unit. attached). Note CBB that the new unit will be effective immediately.
CBB Stablecoins approved from the return allows
Moreover, the Central Bank of Bahrain allows the Stablecoin Exporters to issue the challenge to the return of the return who pays negative returns to its customers only of the benefits or rewards (in favor of the compatible Stablecooins), which it obtained from the investment of reserve assets.
CBB adds that the Stablecoin exporters who provide the approved Stablecooin from the return must determine the rate of return or the reward rate at a reasonable level and does not negatively affect the accredited stability stability, as well as financial health (constant interest) of Stablecoin.
CBB determines strict requirements for Stablecoin Exporters
According to the stereotype, exporters who seek to present Stablecoins, control of the total supply, mint and burning, as well as the management and protection of reserve assets to Stablecoins, will need to meet the specific requirements.
The Central Regulation of the Bank of Bahrain invites the current licensed entities that want to provide the organized stablecoin services for the request for written approval from CBB before providing the service. The document states, “Stablecoin exporters must provide CBB as a detailed description of new services, required resources, and the operational framework for such a service.”
All service providers must be licensed before the STABLECOIN services.
CBB notes that part of the approval of Stablecoin will include the research and liquidity of Stablecoin, as well as credit and focus reserves in those currencies. It also indicates that the central bank may reject a request for the issuance of Stablecoin if it decides that its issuance may cause damage, relief, or contradict the interests of the national economy, Stablecoin holders, or general investors in general.
Stablecoin reserves are cash reserves in banks with AA classification
Regarding the formation of reserve assets, Stablecoin exporters can only keep reserves in cash and deposits with bank prices at least from AA or their equivalent, or debt bonds with the Central Bank, or repurchanting agreements supported by short -term government financial market funds.
Also, applicants must have a busy record for at least three years in Stablecoins or ASSET CRYPTO. As for licensing fees, CBB has started a variable annual license fee paid by Stablecoin, which is 0.25 % of relevant operating expenses, according to at least 5,000 Bahraini dinars and maximum fees of 12,000 bits.
CBB also shows the requirements of governance and compliance and focuses strongly on it. As I noticed, STABLECOIN exporters must have sufficient and appropriate systems and controls, according to the requirements of the Funds Control and Combating the Financial Crime Unit (AML), CBB rules units, Volume 6, to prevent, discover and combat fund financing and terrorist financing.
Central Bank regulations in Bahrain go beyond the UAE Central Bank regulations
The new regulations from Stablecoin set by the Central Bank of Bahrain exceed the Stablecoin regulations set by the UAE Central Bank. While the United Arab Emirates only allowed AED Stablecoins to be considered methods of paying inside the country, CBB allowed both Bahraini Dinar as well as the US dollar stablecoins, and even those compatible with Sharia.
Another noticeable difference is that CBB has allowed the fight against the return, something that the UAE Central Bank did not mention in its regulations.
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