Kuwait is cracking down on cryptocurrency miners throughout the country, as reported by Reuters. Officials have blamed the practice for blackouts and for causing stress on its power grid.

Kuwait is one of the most affordable countries for crypto mining In 2023, estimates dubbed the country the most affordable location to mine bitcoin (BTC) worldwide. One roundup suggested the cost ...

KUWAIT (Reuters) -Kuwait has launched a crackdown on cryptocurrency miners it accuses of being a "major" cause of a power crisis that has led to blackouts, as authorities seek to ease pressure on ...

KUWAIT (Reuters) -Kuwait has launched a crackdown on cryptocurrency miners it accuses of being a "major" cause of a power crisis that has led to blackouts, as authorities seek to ease pressure on the ...

Kuwait joined the list of jurisdictions implementing a comprehensive ban on cryptocurrencies, including Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), as the country's main financial regulator ...

Users of cryptocurrencies and other virtual assets in Kuwait would be subject to Kuwait’s 2013 money laundering and terrorist financing laws.

KUWAIT, April 22 (KUNA) -- The "illegal" practice of cryptocurrency mining risks threatening the stability of the national power grid, Kuwait's interior ministry warned on Tuesday, saying such ...

Kuwait's financial authority has published a circular that forbids the use of cryptocurrencies for investments or payments, outlaws the mining of any digital assets, and acknowledges the ...

Kuwait is cracking down on cryptocurrency miners throughout the country, as reported by Reuters. Officials have blamed the practice for blackouts and for causing stress on its power grid.

Kuwaiti authorities explain the risks involved in dealing with virtual assets, highlighting their lack of legal status and government backing. Kuwait bans cryptocurrencies to ‘reduce risks and ...

Kuwait’s anti-crypto outlook is markedly different from the way neighboring Gulf states like the United Arab Emirates, Saudi Arabia, Bahrain have dealt with cryptocurrencies in the past. Bahrain ...