News with the tag "Kuwait"

The Global AI Show is pleased to announce H. E. Dr. Mohamed Al Kuwaiti, Head of Cyber Security…

Kuwait has blocked the release of Call of Duty: Black Ops 6 in the country. Gamers who bought the game via pre-orders have had their orders canceled and their purchases refunded. The decision is linked to the game’s Gulf War elements involving Kuwait in the early 1990s.

Stablecoin issuer Tether has announced a $3 million strategic investment in the Kem app, a platform for money transfers and financial management. This collaboration aims to introduce USDT on Kem’s platform, promoting widespread adoption in the Middle East and enhancing financial inclusion. The inves...

Kuwait Finance House (KFH), the pioneering Islamic bank of Kuwait, has embraced the digital wave with significant strides in virtual banking. Tareq Al-Ajeel, the bank’s digital transformation executive, highlighted the institution’s technological advancements at the Breaking Barriers conference in K...

Kuwait Finance House (KFH) executive manager of digital transformation, Tareq Al-Ajeel, has commended Ripple as a world-class firm during a panel session at the Breaking Barriers conference in Kuwait. The praise comes in the context of KFH’s partnership with Ripple to enable instant cross-border pay...

KFH’s executive Al-Ajeel has described Ripple as an outstanding company amid the Ripple partnership for instant cross-border payments. Tareq Al-Ajeel,… The post Kuwait Finance House Calls Ripple a World-class Firm Amid Partnership for Instant Cross-border Service first appeared on The Crypto Basic .

Regulators in Kuwait are targeting crypto, pointing out that these currencies “don’t carry a legal status and are not issued or supported.” The post Kuwait Announces Ban of Cryptocurrencies: Details appeared first on Latest News and Insights on Blockchain, Cryptocurrency, and Investing .

Kuwait’s government has hardened its stance against cryptocurrencies, prohibiting the use of digital assets for payments or investments in a bid to clamp down on money laundering and terrorist financing.

In a circular released by the Capital Markets Authority of Kuwait, the regulator reaffirmed its position that Kuwait strictly prohibits the use of virtual currencies and bans mining activities within the Gulf state. The authority also emphasized the importance for businesses to inform customers abou...

Kuwait is the most recent country to outlaw any and all cryptocurrency-related activity. Kuwait’s primary financial watchdog, the Capital Markets Authority (CMA), published a circular on the oversight and issuance of virtual assets on July 18. In the circular, the CMA stated its commitment to an “ab...