Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Topic OP
Kuwait Bans Bitcoin and crypto payments, investement and mining
by
OmegaStarScream
on 20/07/2023, 09:25:23 UTC
⭐ Merited by hd49728 (1)
So it looks like Kuwait has decided to ban crypto payments, investments, and also mining. The reason? is the usual:

Kuwait has prohibited the use of crypto for payments or investment to combat money laundering, according to a circular by the country's financial regulator issued on Monday.

As the article states, any violations of the prohibitions would result in penalties.

I personally wasn't expecting this, especially with their neighbor (UAE and Bahrain) doing the total opposite.