Kuwait Prohibits Crypto Payment, Investment and Mining

Kuwait's financial authority has published a circular that forbids the use of cryptocurrencies for investments or payments, outlaws the mining of any digital assets.

• 2023-07-21
• Capital Markets Authority Financial Authority Kuwait Central Bank of Kuwait digital assets Financial Action Task Force financial instruments decentralized nature

Kuwait Regulator Bans Crypto Payments, Investment and Mining

The prohibitions are an effort to comply with the FATF's recommendations to prevent money laundering via crypto, the Capital Markets Authority said.

• 2023-07-20
• Capital Markets Authority The Capital Markets Authority financial regulator Central Bank of Kuwait Financial Action Task Force Kuwait