Bank AI

Force

<a href="https://ultramining.com/news/en/kuwait-and-argentina-are-the-mining-future/" rel="noopener noreferrer nofollow">Kuwait's</a> financial regulator has declared a total ban on cryptocurrencies. The Capital Markets Authority (CMA) released this directive on Monday, according to <a href="https://www.coindesk.com/policy/2023/07/20/kuwait-regulator-bans-crypto-payments-investment-and-mining/" rel="noopener noreferrer nofollow">coindesk</a>. 
The sweeping ban covers crypto payments, investments, and mining. The aim is to curb money laundering. The CMA has warned the public about firms providing crypto-related services. 
The regulator has made an exception for securities overseen by the Central Bank of Kuwait and the CMA. They are not part of the prohibition. 
This action follows the guidelines of the Financial Action Task Force (FATF). However, FATF itself has not requested a complete crypto ban. 
The country's anti-money laundering and anti-terrorism financing committee carried out a study before the announcement. The CMA has cautioned its citizens about the risks associated with volatile cryptocurrencies without legal status. 
The CMA has stated that violations of these prohibitions will lead to penalties. 
Subscribe to our Telegram <a href="https://t.me/ultraminingcom" rel="noopener noreferrer nofollow">channel</a>! Only the most interesting stuff there

Kuwait Imposes Stringent Crypto Restrictions in Anti-Money Laundering Bid

Ultramining_Eng

2023년 7월 21일에 게재된 다른 기사

Bitcoin Could Rise Above $10,000 Again, According to Blockware CEO

Ripple (XRP) Climbs To 3rd Place In Crypto Liquidity Ranking, While DigiToads (TOADS) On The Road...

This Country Has Launched Its Own Bitcoin Exchange!

Cosmos Suffers Investor Exodus As Borroe Presale Steals The Show With Its Promising AI-Powered Ma...

United Airlines (UAL) Stock Price Analysis After its Q2 Result

ETF Provider Global X Files Bitcoin ETF Application

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!