๐ง๐ญ MAJOR STEP: Bahrainโs Central Bank just rolled out the regionโs first stablecoin rulebook under its new SIO module.
From now on, issuers need:
โ A license for fiat-backed coins (BHD, USD, etc.)
๐ 1:1 liquid reserves + annual audits
๐ Full oversight โ even for yield-bearing stablecoins
Bahrain just pulled ahead of the UAE on crypto regulation. Is the Gulf becoming the next stablecoin powerhouse? ๐ต
