Central Bank warns dealing in 'Bitcoin'

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Central Bank warns dealing in 'Bitcoin'

Monday, February 22, 2021
Central Bank warns dealing in

The Central Bank of Kuwait has stressed on local banks and companies not to deal or enter into direct or indirect investments in the digital currency ‘Bitcoin’ and other similar currencies. CBK also stressed that some local banks have internal policies that prohibit dealing in currencies, local media reported.

According to report, the instructions of the Central Bank, it is not permitted to finance any person or institution for the purpose of investing in the Bitcoin currency.

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