The regulation of the cryptocurrency market is still unclear in many parts of the world, including our Arab region.

recently according to source The Central Bank of Kuwait instructed local banks and companies not to deal or engage in direct or indirect investments in bitcoin or other digital currencies.

According to Kuwaiti media, the statement of the Central Bank of Kuwait stated the following:

Some local banks already have internal policies that prohibit dealing with digital currencies.

Our policy does not allow any person or organization to be funded for the purpose of investing in Bitcoin.

It is worth noting that the regulation of encrypted digital currencies in the State of Kuwait is still not clear, like many other countries.

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The same source pointed out that the regulatory authorities in Kuwait, led by the Central Bank of Kuwait and the Capital Markets Authority, have issued direct instructions to companies and banks not to invest in encrypted digital currencies.

The warning and prohibition of the Central Bank of Kuwait from dealing with digital currencies comes at a time when the bitcoin currency reached its highest level at 58 thousand dollars before dropping sharply below 50 thousand dollars.

The cryptocurrency market is waiting for a lot of regulation and legal regulation, as the situation on it is still not completely clear in the United States of America, as well as for European countries that deal with it more conservatively.

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