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  • CRA-A.1 CRA-A.1 Purpose

    • Executive Summary

      • CRA-A.1.1

        The purpose of this Module is to provide the CBB's Directive concerning trading, dealing, advisory services, portfolio management services in crypto-assets as principal, as agent, as custodian and as a crypto-asset exchange within or from the Kingdom of Bahrain. The key requirements relevant to these activities are outlined in this Module while the licensees are also subject to other relevant Modules of the CBB Rulebook Volume 6. This Directive is supported by Article 44(c) of the Central Bank of Bahrain ('CBB') and Financial Institutions Law (Decree No. 64 of 2006) ('CBB Law').

        Amended: April 2023
        Added: April 2019

      • CRA-A.1.2

        This Module must be read in conjunction with other parts of the Rulebook, mainly:

        a) [This Subparagraph was deleted in 2023].
        b) High-level Controls (corporate governance);
        c) Market Intermediaries and Representatives;
        d) Anti-Money Laundering and Combating Financial Crime;
        e) Dispute Resolution, Arbitration and Disciplinary Proceedings;
        f) International Cooperation and Exchange of Information;
        g) Market Surveillance, Investigation & Enforcement;
        h) Prohibition of Market Abuse and Manipulation; and
        i) Training and Competency.
        Amended: April 2023
        Added: April 2019

    • Legal Basis

      • CRA-A.1.3

        This Module contains the CBB's Directive (as amended from time-to-time) relating to licensees providing regulated crypto-asset services (henceforth referred to as licensees) as defined in the Rulebook and is issued under the powers available to the CBB under Article 38 of the CBB Law. Licensees must also comply with the relevant Modules of the Rulebook Volume 6.

        Added: April 2019

      • CRA-A.1.4

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

        Added: April 2019