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 ofstablecoins to public are outlined in this Module. Licensedstablecoin issuers are also subject to other relevant Modules of the CBB Rulebook Volume 6.Added: July 2025SIO-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 2025Legal 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. Licensedstablecoin issuers must also comply with the relevant Modules of the Rulebook Volume 6.Added: July 2025SIO-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
