Crypto in Kuwait

The Central Bank of Kuwait's July 2023 circular strictly prohibits using virtual assets as a payment instrument, recognising them as decentralised currency, or dealing with them as an investment. It also says no licence will be granted to provide virtual-asset services as commercial work, no licences had been issued previously, and all virtual-asset and currency mining is prohibited. The 2021 statement also says crypto-assets are not regulated or supervised by an authority in Kuwait. These materials do not authorise platforms or cross-border services: confirm directly with the CBK and local advice before acting.

Official source for this framework: Central Bank of Kuwait: virtual-assets transaction procedures, 17 July 2023 (supports: regulatory status, regulatory framework, regulatory timeline) · Central Bank of Kuwait: crypto-assets risk statement, 22 May 2021 (supports: regulatory status, regulatory framework, regulatory timeline)