Kuwait Prohibits All Cryptocurrency Activities

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United Arab Emirates MetaNews
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In a significant regulatory shift, Kuwait, the Gulf state, has imposed an absolute ban on all cryptocurrency activities, including popular digital currencies like Bitcoin, Ethereum, and Dogecoin. The ban covers a wide range of activities involving cryptocurrencies, such as mining, investments, and payments. The announcement was made by Kuwait's principal financial regulator, the Capital Markets Authority (CMA), on July 18. This move comes as a surprise to the cryptocurrency community, as Kuwait was previously known as one of the world's cheapest places for Bitcoin mining, thanks to its heavily subsidized electricity. #shorts #KuwaitCryptocurrencyBan #CryptoRegulation #FinancialStability #BitcoinBan #CryptocurrencyBan #VirtualAssets



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