Kuwait bans crypto and virtual assets transactions

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Kuwait bans crypto and virtual assets transactions
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⚡Securities and other regulated financial instruments are excluded from Kuwait’s new crypto ban.

In the circular, the CMA confirmed the commitment to “absolute prohibition” on major use cases and operations involving cryptocurrencies, including payments, investments, and mining.

In the meantime, securities and other financial instruments regulated by the Central Bank of Kuwait and the CMA are excluded from the latest prohibitions, the announcement notes.

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