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Disclosure

10. Licensees must make adequate disclosures, which are easily accessible and prominently visible to clients, for each 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.
11. Licensees must prominently display on their platform the following statement, “THE CENTRAL BANK OF BAHRAIN HAS NEITHER REVIEWED NOR APPROVED THE CRYPTO-ASSETS.”
Added: January 2024