Post
Topic
Board Bitcoin Discussion
Re: Kuwait Bans Bitcoin and crypto payments, investement and mining
by
hd49728
on 20/07/2023, 10:16:57 UTC
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.
They can ban it because they are government in that nation but they should borrow better reasons for this prohibition against cryptocurrency. Banning it because of money laundering is just gibberish as they don't ban fiat currencies with same reason.

I don't expect it too because Middle East nations are more friendly with Bitcoin and cryptocurrency than Europe and North America. Many blockchain summits, conferences, companies were hosted and operated in Middle East. This regulatory movement from Kuwait is very strict and not expected.