Local Affairs Editor
The Governor of the Central Bank of Bahrain, Khaled Humaidan, issued a decision to submit the exporting companies to the stable encrypted assets to control the bank. The decision issued, which bears No. 24 of 2025, regarding the amendment of List No. 1 of 2007 for the bank control services, by adding a new sub -category related to the exporting companies of stable encrypted assets. The inclusion of these companies in the category of specialized companies includes the “main category” under item number 5, with the identification of a set of activities that are subject to organizational control, including: issuing and offering stable encrypted assets, controlling the total supply of them, and raising and burning “canceling” stable encrypted assets. It also includes the management and preservation of its reserves, the preservation of stable encrypted assets, and any related services or activities. The decision stipulated that the relevant departments in the Central Bank of Bahrain will implement its provisions, provided that it is to work as of the day following the date of its publication in the Official Gazette.
It should be noted that stable currencies in English: StableCoin are coins that have a value linked to the US dollar, or any other paper currency, or goods that are traded on the stock exchange such as precious metals or industrial metals, and they are characterized by their ability to protect traders and investors from market fluctuations.
