Loading
Welcome at World Crypto Global. This portal is packed with useful content and resources to built out your own crypto skills. WorldCrypto is a site member of Gabriel Vega Network.
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.
Ahead of the upcoming Vasil testnet that is to launch in early June 2022, Cardano published an encouraging update. The network reported a strong foundation with many new projects planned out with Fund9 that are to be launched. Cardano recently posted their Weekly Development Report to inform users about the ongoing development updates. The report […]
It has been a rough week for the cryptocurrency market, primarily because of the Terra ecosystem collapse and its knock-on effect on Bitcoin (BTC), Ethereum (ETH) and altcoin prices, plus the panic selling that took place after stablecoins lost their peg to the U.S. dollar. The bearish headwinds for the crypto market have been building since […]
The retail trading platform will get a cryptocurrency wallet feature soon, but users still don't know when.
4.4 / 5 ( 11 votes ) What Is Coinbase Earn? Coinbase Earn is an INVITE ONLY (only 4 spots available!) cryptocurrency education platform that rewards users instantly for watching short videos and learning about specific tokens, including stellar lumens, basic attention token, and EOS. How Do You Earn Money From Coinbase Earn It simple! For each coin, you watch […]
The post Coinbase Earn Invite: $70 Free Stellar Lumens + Free EOS + Free BAT appeared first on Coin Tasker.
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 about potential “risks that may arise” with dealing with crypto assets [...]
The post Kuwait Capital Markets Authority Reaffirms Comprehensive Crypto Asset Ban appeared first on Crypto Breaking News.
Kuwait Capital Markets Authority (CMA) banned all forms of cryptocurrency use in the country, including mining activities, according to a July 18 circular. The financial regulator imposed an “absolute ban” on all payments and investments involving cryptocurrencies, adding that it does not recognize virtual assets as a decentralized currency. A translated copy of the statement […]
The post Kuwait imposes ‘absolute ban’ on virtual assets to combat money laundering risks appeared first on CryptoSlate.
In response to requirements set by the FATF (Financial Action Task Force) to prevent money laundering through cryptocurrencies, the Capital Markets Authority of Kuwait has introduced a series of prohibitions. The circular issued by the country’s financial regulator on Monday declares a strict ban on the use of cryptocurrencies for payments or investment as a […]
Kuwait has become the latest country to put a blanket ban on all cryptocurrency-related activities, citing a crackdown on money laundering and terror financing. According to the circular issued by the Capital Markets Authority (CMA), there is an “absolute prohibition” on major use cases and operations of cryptocurrencies.
Crypto Transactions Are Not Allowed in Kuwait
The order covers cryptocurrency exchanges, payments, investments, and mining operations.
“Absolute prohibition of using virtual assets as a payment instrument/method or recognizing it as a decentralized currency in the State of Kuwait, and, therefore, you must refrain from conducting transactions whereby virtual currencies are used as a payment instrument/method within the scope of this prohibition,” the circular stated (translated from Arabic).
“It is prohibited to deal with virtual assets as a means of investment, and, therefore, it is necessary to refrain from providing this type of services to any of the clients.”
The order further bans local authorities from handing out licenses to companies offering services around virtual assets. However, securities and other financial instruments regulated by the Central Bank of Kuwait and the CMA are excluded from the latest prohibition order.
In addition, the regulator highlighted that cryptocurrencies “don’t carry a legal status and are not issued or supported” and asked customers to be cautious of any associated risks.
“It is not linked to any asset or issuer, and the prices of these assets are always driven by speculation that exposes them to a sharp decline,” the order added.
Varying Crypto Regulations
Regulating cryptocurrencies has become a priority globally. However, the stance of the regulators varies. Some jurisdictions like Hong Kong and Dubai are progressive in regulating cryptocurrencies, while countries like Canada have pushed several crypto exchanges away with their tough requirements.
While only a handful of countries, including China, completely ban crypto, many have imposed a ban on crypto payments. Thailand and Russia are two countries that allow crypto investments but ban payments. Belarus is also planning to impose a ban on peer-to-peer crypto payments.
IBKR adds Taiwan stocks; Multi Chart on Match-Trader; read today's news nuggets.
This article was written by Arnab Shome at www.financemagnates.com.
The Chair of the U.S. Securities and Exchange Commission (SEC) has been confirmed by the Senate, signaling a potentially significant shift in the regulatory landscape for cryptocurrencies and blockchain technology. Gary Gensler, who has a background in blockchain and digital assets, was recently confirmed by the Senate as the new SEC Chair. This move has [...]
The post Hester Peirce: SEC Awaits Chair to Set Crypto Agenda appeared first on Crypto Breaking News.
Cryptocurrency proponents in the United States are facing increasing challenges when it comes to utilizing digital assets for expenditures. Several crypto companies have encountered difficulties in securing banking partners. This week, Bitpay, a prominent player in the crypto payments sector, made an announcement regarding the termination of its current Bitpay prepaid Mastercard program. This decision [...]
The post Bitpay Ceases Prepaid Mastercard Program, Promises Enhanced Card Service in the Future appeared first on Crypto Breaking News.
Just like the Pope is Catholic, Bitcoin is volatile. Today, it may be even more so. The ECB is due to announce its latest interest rate decision at 9:15 AM Eastern time in what sets up as one of the most pivotal of the year (this is the second time I have used that pun …
<p>The post Bitcoin, crypto, Nasdaq await interest rate decision as banking turmoil promises extra volatility first appeared on CCNC | Cryptocurrency Newscast.</p>
The Global AI Show is pleased to announce H. E. Dr. Mohamed Al Kuwaiti, Head of Cyber Security…
Binance Academy recently concluded the first leg of its SEA University Tour in PH, engaging with over 1,000 students across five universities.
The post Binance Academy Conducts First Leg of SEA University Tour in PH appeared first on BitPinas.
According to the on-chain analytics platform Glassnode, the amount of ETH being staked monthly has decreased despite the hype created by the much-anticipated Shapella upgrade. The recent staking deposits have slightly declined in recent weeks mainly due to the increased regulatory pressure even as the much anticipated Ethereum Shapella upgrade slated for April 12 approaches. …
<p>The post Regulatory pressure sees ETH staking drop amid much-awaited Shapella upgrade first appeared on CCNC | Cryptocurrency Newscast.</p>
On Sunday, Saudi Arabia and several major oil producers announced their plan to cut oil production by 1.15 million barrels per day, starting in May and continuing until the end of 2023. According to the Saudi Energy Ministry, the move was coordinated with some members of the Organization of the Petroleum Exporting Countries (OPEC) and [...]
The post Saudi Arabia and OPEC Reveal Surprise Oil Production Cut; White House Insists Cuts Aren’t Advisable Right Now appeared first on Crypto Breaking News.
World Crypto Global opens the door to digital freedom for everyone.
Manage your free WCG Coins securely—where simplicity meets global accessibility.
FREE CRYPTO COINS
AVAILABLE FOR RESERVATION
ALREADY ALLOCATED
No fees. No catch. Your crypto journey starts here.
World Crypto Global
