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 grid before ...

Kuwait has declared cryptocurrency mining "illegal and unlicensed" as part of a broad crackdown to ease pressure on its strained power grid amid a worsening energy crisis.

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.

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 ...

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 ...

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 Ministry of Interior warned against cryptocurrency mining practices by individuals and entities in Kuwait, which is unlicensed activity and a direct violation of the county’s law, particularly:.

Dubai: A wave of cryptocurrency fraud has struck Kuwait, leaving investors stunned after an estimated 40 million Kuwaiti dinars ($130 million) disappeared in just hours.

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 (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 ...

Dubai: A wave of cryptocurrency fraud has struck Kuwait, leaving investors stunned after an estimated 40 million Kuwaiti dinars ($130 million) disappeared in just hours. This financial blow, one ...