Kuwait authorities prohibit any transactions with cryptocurrency
The Kuwait Capital Markets Authority (CMA) has issued a circular on overseeing the issuance of virtual assets. The document prohibits any operations related to cryptocurrency. The CMA prohibits the use of virtual assets as an investment vehicle, payment instrument or decentralized currency in the State of Kuwait. Government entities are prohibited from issuing or granting any person or entity a license to provide virtual asset services. A similar prohibition applies to any activity related to…
