Back Custom print Link Text Only Rich Text Print

  • Disclosure

    • CRA-4.3.16

      Licensees must make disclosures, which are easily accessible and prominently visible to clients, for each listed crypto-asset, containing at a minimum, the following information:

      (a) Details about the crypto-asset: the type of crypto-asset (payment token, asset token, utility token, stablecoin etc.), its function and details about the asset(s) where a crypto-asset is backed by asset(s);
      (b) The risks related to the specific crypto-asset such as, but not limited to, price volatility and cyber-security; and
      (c) Any other information that would assist clients to make an informed investment decision.
      Added: April 2023

    • CRA-4.3.17

      Licensees must prominently display on their platform the following statement, “THE CENTRAL BANK OF BAHRAIN HAS NEITHER REVIEWED NOR APPROVED THE LISTED CRYPTO-ASSETS”.

      Added: April 2023

    • CRA-4.3.18

      Where the CBB determines that undertaking regulated services in a crypto-asset may be detrimental to the financial sector of the Kingdom of Bahrain and/or it may affect the legitimate interest of clients, the licensees, based on the instruction of the CBB, must delist the crypto-asset. In such scenarios, the licensee shall remain responsible for orderly settlement of trade and any liability arising due to the delisting of the crypto-asset.

      Added: April 2023