Category: Kuwait

In 2024, Kuwait has taken significant steps in shaping its cryptocurrency legislation landscape, reflecting a marked evolution in its approach to the burgeoning world of digital finance. This year, the country has embarked on establishing a comprehensive legal framework for cryptocurrencies, balancing the promise of digital innovation with the...

As of 2022, Kuwait had a distinctive stance on cryptocurrencies that was primarily characterized by prohibitive measures. The country’s financial authorities, including the Ministry of Finance and the Central Bank of Kuwait (CBK), had established a firm stance against the recognition and use of cryptocurrencies in official commercial transactions....