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.
I don't know why some countries were still living in their wildest dream till date thinking that cryptocurrency is an avenue for money laundering when this shady acte has always been in use over years right before the introduction of bitcoin to the world, people steal, hide and abuse financial laws and regulations in many ways, but they are using this their own regulations to affect the individual citizens and go would love to take in part of this financial freedom and dominion than the one being controlled by the government, it's a pity also that government were too blind to see the needs of the people in wanting the establishement of a decentralized currency, the most countries of the middle east like Abu Dhabi, Qatar and Dubai were i think would have more strict rules against bitcoin have the most amazing interest in cryptocurrency, i think this also have to do with exposure and the calibre of those ruling in a particular country.