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CBK warns on Bitcoin dealing

This post has been read 52223 times!

KUWAIT CITY, Feb 21: The Central Bank of Kuwait has stressed on local banks and companies not to deal or enter into direct or indirect investments in the digital currency ‘Bitcoin’ and other similar currencies, stressing that some local banks have internal policies that prohibit dealing in currencies, reports Al-Anba daily.

The sources said according to the instructions of the Central Bank, it is not permitted to finance any person or institution for the purpose of investing in the Bitcoin currency.

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CBK warns against dealing & investing in cryptocurrencies

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