Kuwait bans all crypto activities including mining

After the July 19 circular, it is illegal to engage in any cryptocurrency activities in Kuwait. Kuwait has joined Thailand, Indonesia, and Turkey to ban crypto activities. Violators are to face penalties as stipulated in Kuwait’s AML and terrorist financing laws.

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Kuwait places absolute ban on crypto payments and mining

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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Kuwait Announces ‘Absolute Prohibition’ on Crypto

Kuwait bans crypto trading, mining, and investments in a bid to stamp out money laundering.

The post Kuwait Announces ‘Absolute Prohibition’ on Crypto appeared first on BeInCrypto.

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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.

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Kuwait Cracks Down on Crypto, Banning 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.

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Bitcoin Rising In The Gulf: UAE Sees Crypto Market Growing 10-Times This Year

The Bitcoin (and crypto market in general) in the Middle East and North Africa (MENA) region is the fastest growing in the world, according to a report released by data platform Chainalysis. Countries that are part of MENA are Algeria, Bahrain, Egypt, Iran, Iraq, Israel, Jordan, Kuwait and Lebanon.

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How To Buy Bitcoin in Kuwait? [+ One Mistake To AVOID]

Easiest and cheapest ways to buy crypto in Kuwait Getting bitcoins in Kuwait is not an easy task as not all popular crypto exchanges are available to Kuwaiti citizens. This is a current list of bitcoin exchanges that allow users from Kuwait to buy crypto.

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Crypto Arabs: The First NFT Project to Trend Number 1 in the region on Twitter

First NFT Project to trend Number 1 in the UAE & Kuwait on Twitter DUBAI, UAE, Aug 29, 2022 – (ACN Newswire) – For the first time in history...

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Stock Trading Halt Highlights Need for Decentralized Assets Like Crypto

U. S. stocks suspended trading for 15 minutes after the S&P 500 plunged a historically rare 7. 6%. [CNBC] The suspension follows the halting of Kuwait’s Premier Trade, which experienced a similar plunge.

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Ripple xCurrent To Go Live At National Bank of Kuwait

The National Bank of Kuwait (NBK), one of the largest banks in the Middle East, could be about to go live with Ripple’s xCurrent payment solution in the coming weeks. A source familiar with the matter told Crypto Briefing in an email exchange that NBK had been actively preparing for its first transaction using xCurrent, a cross-border settlement service.

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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.

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Ethereum Classic (ETC) now available on UAE crypto exchange BitOasis

UAE bitcoin and cryptocurrency exchange BitOasis today announced that Ethereum Classic (ETC) is now available. Users across the United Arab Emirates, Saudi Arabia, Kuwait, Bahrain, and Oman can now buy, sell and trade ETC with 0% transaction.

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