The prohibitions are an effort to comply with the FATF’s recommendations to prevent money laundering via crypto, the Capital Markets Authority said.
Central Bank of Kuwait issues warning against crypto investments
The Central Bank of Kuwait says that a “real” currency is one issued by the state.
Tata Settles Securities Between 2 National Depositories on a Blockchain
India’s second largest firm has completed a blockchain trial of cross-border securities settlement between two central securities depositories.
National Bank of Kuwait Taps Ripple for New Remittance Service
National Bank of Kuwait has joined Ripple’s blockchain-based payments network seeking faster cross-border money transfers.