Falkland Islands (Malvinas) vs Kuwait
Crypto regulation comparison
Falkland Islands (Malvinas)
Kuwait
No Data
Restricted
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Kuwait has taken a restrictive approach to cryptocurrency. The Central Bank of Kuwait and the Capital Markets Authority have prohibited banks and financial institutions from processing crypto transactions. There is no licensing framework for crypto exchanges. However, owning crypto is not explicitly illegal, and there is no personal income tax in Kuwait, so no crypto-specific tax applies.
Tax Type
Unclear
Tax Type
None
Tax Rate
N/A
Tax Rate
0%
Exchanges
No
Exchanges
No
Mining
No
Mining
Yes
Regulator
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Regulator
CBK (Central Bank of Kuwait), CMA
Stablecoin Rules
-
Stablecoin Rules
No specific stablecoin regulation
Key Points
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Key Points
- CBK prohibits banks and financial institutions from dealing in virtual currencies
- No licensing framework exists for crypto exchanges or VASPs
- Personal ownership of crypto is not explicitly criminalized
- No personal income or capital gains tax in Kuwait applies to crypto
- CMA has warned investors about the risks of cryptocurrency
Sources
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