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 ...

“[Cryptocurrencies] have no legal status and are not issued or supported by any government, nor are they linked to any asset or issuer.” The Gulf Arab country of ...

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. The country ...

Authorities in Al-Wafrah, Kuwait, cracked down on alleged crypto miners in the city, which resulted in a 55% decrease in power consumption the following week. According to Reuters, Kuwait is in a ...

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, the ...

Investors have been left stunned after losing about $130 million in a ‘Bitcoin Kuwait’ crypto investment scam that collapsed ...

Kuwait banned all crypto-related activities on July 18, including trading and mining, and prohibited any entity from applying for a digital asset service provider license. The action is in line with ...

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As part of its commitment to promoting financial literacy, Gulf Bank is advising its customers on the risks associated with virtual assets like cryptocurrency. The initiative is part of the Let’s Be ...