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  • SIO-A Introduction

    • SIO-A.1 Purpose

      • Executive Summary

        • SIO-A.1.1

          Module SIO formulates the regulatory framework of the Central Bank of Bahrain (‘CBB’) to govern the issuance and offering of stablecoins in/from the Kingdom of Bahrain. These regulations are issued pursuant to the authority of the CBB under Article 37 to establish and enforce rules, while meeting the specific requirements of Part 4 of the Central Bank of Bahrain and Financial Institutions Law of 2006 (“CBB Law”). The requirements pertaining to licensing, issuance and offering of stablecoins to public are outlined in this Module. Licensed stablecoin issuers are also subject to other relevant Modules of the CBB Rulebook Volume 6.

          Added: July 2025

        • SIO-A.1.2

          The requirements of this Module must be read together with other relevant law, rules, regulations including the AML/CFT Law and the following Modules of CBB Rulebook Volume 6:

          (a) Anti-Money Laundering and Combating Financial Crime Module;
          (b) Fit and Proper Requirements Module;
          (c) High Level Control Module of Volume 6.
          Added: July 2025

      • Legal Basis

        • SIO-A.1.3

          This Module contains the CBB’s Directive (as amended from time-to-time) relating to issuance and offering of stablecoins and is issued under the powers available to the CBB under Article 38 of the CBB Law. Licensed stablecoin issuers must also comply with the relevant Modules of the Rulebook Volume 6.

          Added: July 2025

        • SIO-A.1.4

          For an explanation of the CBB’s Rule-making powers and different regulatory instruments, see Section UG-1.1

          Added: July 2025

    • SIO-A.2 Module History

      • SIO-A.2.1

        This Module was first issued in July 2025. Changes made subsequently to this Module are annotated with the calendar quarter date in which the change was made as detailed in the table below. Chapter UG 3 provides further details on Rulebook maintenance and version control.

        Module Ref.Change DateDescription of Changes
           
           
           
           
           

      • Effective Date

        • SIO-A.2.2

          The contents of this Module are effective from the date of release of the Module or the changes to the Module unless specified otherwise.

          Added: July 2025