đ° Kuwait Cracks Down on Crypto: đ«đ°
Kuwait's top financial watchdog, the Capital Markets Authority (CMA), has released a circular reaffirming an "absolute prohibition" on major crypto transactions, including payments, investments, and mining. The joint effort by regulatory bodies aims to address the risks associated with virtual assets, warning citizens about their lack of legitimacy and government support. In line with anti-money laundering and anti-terrorism financing efforts, Kuwait is taking a firm stand against crypto activities, emphasizing public awareness campaigns to educate people about the risks of dealing with highly volatile and unregulated cryptocurrencies. đŒđł