Kuwait’s Capital Markets Authority (CMA) announced a complete ban on most cryptocurrency-related activities, including payments, investments, and mining, according to a circular released on 18 July. This includes prohibiting local regulators from licensing businesses to provide services related to virtual assets. However, the ban does not cover securities and other financial instruments regulated by the Central Bank of Kuwait and the CMA. The CMA urged customers to remain vigilant about the risks tied to virtual assets, emphasising that cryptocurrencies lack legal status and are unsupported, making them susceptible to price fluctuations driven by market speculation.
Source: https://cointelegraph.com
