Eleonora
Sun Jul 14 2024
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5 answers
952
How does the CBB pre-approve crypto-assets?
Could you elaborate on the process involved in the pre-approval of crypto-assets by the Central Bank of Bahrain (CBB)? Specifically, what criteria does the CBB utilize to assess the suitability of these assets? Do they conduct thorough due diligence on the technology, team, and market potential? Additionally, how does the CBB ensure that the crypto-assets they approve adhere to the country's financial regulations and laws? Furthermore, what role does the CBB play in monitoring and regulating these approved crypto-assets once they enter the market? Is there a framework in place for evaluating ongoing performance and potential risks?
