Kuwait places absolute ban on crypto payments and mining

2023-7-20 17:12

Kuwait has prohibited all crypto activities and use cases in the country, including payments, mining, and investment. The Central Markets Authority (CMA), Kuwait’s financial regulator, released a circular on July 19.

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Источник: btcmanager.com

kuwait payments → Результатов: 18

Kuwait imposes ‘absolute ban’ on virtual assets to combat money laundering risks

Kuwait Capital Markets Authority (CMA) banned all forms of cryptocurrency use in the country, including mining activities, according to a July 18 circular. The financial regulator imposed an “absolute ban” on all payments and investments involving cryptocurrencies, adding that it does not recognize virtual assets as a decentralized currency.

2023-7-20 15:30
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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.

2023-7-20 11:33	Crypto
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RippleNet: The only thing customers will notice is that its fast, says Al Ahli Bank CTO

Ripple has been trying to promote its technology almost everywhere in the world through partnerships with financial institutions. Ripple partnered with Al Ahli Bank of Kuwait in February in order to enable instant cross-border payments for the bank’s customers.

2019-5-12 00:30	News
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RippleNet Powers On-Demand Payments From Kuwait to the UAE

Ripple, in its latest episode of the Ripple Drop Series, announced that it would be powering on-demand payments for… The post RippleNet Powers On-Demand Payments From Kuwait to the UAE appeared first on Invest In Blockchain.

2019-5-7 19:03	XRP
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Ripple Teams Up with India’s Bank of Dohfar by Going Live on RippleNet for Remittance Payments

Ripple has scored yet another point in its quest for world domination, this time in the middle east where the Bank of Dohfar has joined its platform to facilitate cross-border transactions. This comes just a few weeks after Ripple signed up the National Bank of Kuwait to its platform. The New was confirmed by Navin […]

2019-2-18 21:27	Ripple (XRP)
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Another Ripple partner, snubs XRP token

In December last year, the National Bank of Kuwait (NBK) announced the use of RippleNet in daily payments. However, it was unclear whether the bank would use XRP to process transfers and payments.

2019-2-1 19:17	Crypto Journal
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13 new institutions join Ripple payment network

CryptoNinjas Ripple, the provider of enterprise blockchain solutions for payments, announced today that 13 new financial institutions have signed up for the company’s payment network, RippleNet.

2019-1-9 20:57	Ripplenet
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RippleNet Surpasses 200 Customers Worldwide

Ripple, provider of leading enterprise blockchain solutions for payments, announced today that 13 new financial institutions have signed up for the company’s payment network, RippleNet. The companies include Euro Exim Bank, SendFriend, JNFX, FTCS, Ahli Bank of Kuwait, Transpaygo, BFC Bahrain, ConnectPay, GMT, WorldCom Finance, Olympia Trust Company, Pontual/USEND and Rendimento.

2019-1-8 18:01	XRP
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Kuwait Finance House Confirms Using Ripple Tech. For Cross Border Remittances

Almost seven months after the Kuwait Finance House (KFH) announced that it was joining RippleNet, the bank has confirmed via twitter that it has started providing instant cross-border payments using Ripple technology.

2019-1-8 15:28
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Ripple’s CEO words coming true: First banks are starting to use xRapid and XRP for international transfers

In the last days of December a news broke out about Kuwait national bank planning to use Ripple’s xRapid (a solution that uses XRP token for payments) for international transfers. Only couple of hours ago, another Kuwait financial institution is doing the same.

2019-1-7 04:31	Crypto Journal
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Another great partnership for Ripple but what is in it for XRP?

RippleNet in the desert state. National Bank of Kuwait launches cross-border payment method with Ripple product Despite the continuing bear market, the adoption of blockchain technology is progressing steadily.

2018-12-29 19:10	Crypto Journal
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Kuwait Bank introduces RippleNet

The National Bank of Kuwait will join the RippleNet payment network in order to make faster and cheaper cross-border payments.

2018-12-31 00:57	News
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Ripple Partners with National Bank of Kuwait Closing Out the Year

CoinSpeaker Ripple Partners with National Bank of Kuwait Closing Out the Year National Bank of Kuwait has joined Ripple’s blockchain-based payments network seeking faster cross-border money transfers.

2018-12-28 16:25	XRP
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National Bank of Kuwait Taps Ripple for New Remittance Service

National Bank of Kuwait has joined Ripple’s blockchain-based payments network seeking faster cross-border money transfers.

2018-12-28 12:20	Ripplenet
national kuwait ripple bank seeking network faster

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National Bank Of Kuwait Launches Instant Cross-Border Payments With RippleNet

National Bank Of Kuwait Launch Instant Cross-Border Payments With RippleNet Ripple has been one of the most adopted platforms around the world, which has largely been due to the cross-border payments that happen instantly through RippleNet.

2018-12-28 03:58	News
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National Bank of Kuwait Launches Ripple-Based Cross-Border Payments Product

The National Bank of Kuwait has integrated RippleNet’s blockchain technology to expedite cross-border money transfers

2018-12-28 02:50	Payments
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Largest Bank in Kuwait Integrates with Ripple for blockchain Cross-Border Payments

The National Bank of Kuwait which is the first bank in Kuwait has announced its intention to incorporate RippleNet blockchain in its online banking. It now offers twenty-four hours transfer service to Jordan, with plans to add other countries soon.

2018-12-27 18:40	ripple
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Kuwait Finance House Now Using Ripple xRapid For Cross Border Transactions

Kuwait Finance House (KFH) is one of the major banks of Kuwait, most famous for being one of the first banks to open, operating under Sharia law. KFH are a major firm within Kuwait, trading on the Kuwait Stock Exchange, with a market capitalisation of $8.

2018-8-17 12:00	ripple
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Japan PM vows to include tax cuts for crypto in stimulus package

Japan Prime Minister Shigeru Ishiba promises to include discussions of tax cut proposals from the opposition party in his economic stimulus package, involving tax cuts for gasoline and crypto assets.

India’s central bank signals no rush for digital currency implementation

The Reserve Bank of India prioritizes the long-term potential of central bank digital currencies but is holding off on a full rollout until its effects are better understood. India‘s central bank is taking a measured approach to launching a central…

2023-7-20 17:12

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