Kuwait Bank warned against BitCoin, Crypto Currencies, iiQ8

Kuwait City, 23rd May, 2021:

Kuwait Bank warned against BitCoin, Crypto Currencies, iiQ8

The Central Bank of Kuwait (CBK) warned against dealing or investing in the so-called cryptocurrencies, amid the continued increasing calls for investment in these digital assets.

In a statement Saturday, the CBK said that the warnings come due to the sharp fluctuation in their prices, in addition to their non-compliance with any regulatory authority in Kuwait, which exposes speculators to large losses as well as the possibility of being exposed to fraud operations.

Source : Arab Times


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