Central Bank of Bahrain (CBB)
Do I need a licence to issue a stablecoin in Bahrain?
Content reviewed 2026-09-12 · How we check sources
Short answer
Yes, if you issue a stablecoin within the scope of the CBB Stablecoin Issuance and Offering framework. Bahrain introduced a dedicated Stablecoin Issuance and Offering Module, so stablecoin issuance should not be treated only as generic crypto-asset activity.
What this means
The CBB issued the final SIO Module in July 2025. Use that operative rulebook module when assessing issuance and offering; the earlier consultation document is not the final licensing rule.
The framework is distinct from the CBB Crypto-Asset module used for exchange, brokerage, custody and other crypto-asset services.
A stablecoin business should map issuance, backing, redemption, distribution and any exchange or custody service separately because more than one CBB permission can be relevant.
Official sources
Central Bank of Bahrain — Stablecoin Issuance and Offering Module ↗Ask with your entity, activity and regulator.
Regulatory research, not legal advice. This answer has the scope and review date shown above; your institution decides applicability.