Tag: Kuwait

Kuwait, once considered a haven for cost-effective Bitcoin mining, has launched a sweeping crackdown on the practice as the country grapples with an intensifying energy crisis.  According to a May 1 report, authorities began targeting residential properties involved in cryptocurrency mining, citing the activity as a major burden on the ...

Kuwait has adopted a stricter stance on virtual assets and cryptocurrencies. The Capital Markets Authority (CMA), the country's primary financial regulator, issued a circular on July 18, 2023, outlining comprehensive regulations for virtual assets in the country. The new regulations from the CMA imposes an absolute ban on a wide ...