Exciting developments in Bahrain! 🇧🇭 The central bank is drafting new regulations for stablecoin issuance, aiming to cut transaction costs and boost financial access! Finance Minister Shaikh Salman bin Khalifa Al Khalifa emphasized the need for a safer digital asset space, ensuring oversight to protect residents from risks like fraud and money laundering. 🔍⚖️ Bahrain has already embraced crypto, licensing exchanges like Coinmena and Binance, but critics warn that without strong regulations, adoption may stall. The new legislation will empower the central bank to monitor transactions and enforce compliance. What do you think about Bahrain's approach to digital assets? Let's chat!