SIO-14.8.1
Article 136 of the CBB Law empowers (but does not oblige) the CBB to assume the administration of a stablecoin issuer in certain circumstances. These circumstances are outlined in the above Article and may include the following:
(a) The stablecoin issuer has become insolvent;
(b) Its solvency is in jeopardy;
(c) Its continued activity is detrimental to the financial services industry in the Kingdom; or
(d) Its license has been cancelled.
Added: July 2025