Category: Kuwait

Cryptocurrency Legislation Developments in Kuwait: The 2024 Scenario

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...
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The Legislative Landscape for Cryptocurrencies in Kuwait Prior to 2024

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....
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