Re: [2017-12-19] Kuwait Prohibits Bitcoin

Quote from: Rick Nolan on December 19, 2017, 12:29:53 PM

On December 18 Kuwaits Ministry of Finance said that it does not recognize bitcoin and forbids its trading in the Kuwaiti financial institutions.

According to the Arab Times, sources from the ministry explained that the Central Bank of Kuwait does not allow financial institutions, banks and affiliated companies to trade bitcoin in the wake of the recent surge in prices.

Read more: https://hype.codes/kuwait-prohibits-bitcoin

What is your opinion about future of bitcoin in arabic countries?

my opinion kuwait country has not understood about bitcoin and they think with this virtual currency will be bad for their currency, but with the entry of this digital currency trading can improve the economy of his country, If prohibiting entry bitcoin to his country "it's wrong", because the entry bitcoin can increase the country's foreign exchange.