Kuwait – DIGIT INFO

Kuwait Warns Against Illegal Cryptocurrency Mining

DIGIT — Thu, 24 Apr 2025 06:30:48 +0000

Kuwait’s Ministry of Interior has declared cryptocurrency mining illegal, citing violations of multiple laws and its strain on the country’s electrical infrastructure. Crypto Mining Kuwait’s Electricity Infrastructure The Ministry of Interior in Kuwait has issued a warning against the practice of cryptocurrency mining, declaring it an unlicensed and illegal activity that violates several existing laws. […]

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Tether Invests $3 Million in Kem App to Boost USDT Usage in the Middle East

DIGIT — Wed, 14 Aug 2024 19:30:59 +0000

Stablecoin issuer Tether has announced a $3 million strategic investment in the Kem app, a platform for money transfers and financial management. This collaboration aims to introduce USDT on Kem’s platform, promoting widespread adoption in the Middle East and enhancing financial inclusion. The investment is expected to improve economic conditions in countries like Kuwait, Bahrain, […]

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Saudi Arabia and OPEC Reveal Surprise Oil Production Cut; White House Insists Cuts Aren’t Advisable Right Now

DIGIT — Mon, 03 Apr 2023 02:30:08 +0000

On Sunday, Saudi Arabia and several major oil producers announced their plan to cut oil production by 1.15 million barrels per day, starting in May and continuing until the end of 2023. According to the Saudi Energy Ministry, the move was coordinated with some members of the Organization of the Petroleum Exporting Countries (OPEC) and […]

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Central Bank of Kuwait issues warning against crypto investments

DIGIT — Mon, 24 May 2021 10:02:39 +0000

The Central Bank of Kuwait says that a “real” currency is one issued by the state.

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Bahrain Central Bank Issues License to Shariah-Compliant Crypto Exchange

DIGIT — Wed, 27 Jan 2021 04:30:17 +0000

Middle Eastern crypto exchange Coinmena said this week that it had obtained a crypto assets services company license from the Central Bank of Bahrain (CBB) ahead of its planned launch. In receiving the license, the exchange, which has been certified by the Shariyah Review Bureau, said it had met several technical, operational, and security requirements […]

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Venezuela Invites OPEC Countries to Jointly Develop Oil-Backed Crypto Platform

DIGIT — Wed, 07 Feb 2018 01:22:29 +0000

Venezuela’s president Nicolas Maduro has invited all OPEC nations to jointly develop a platform for the trading of oil-backed cryptocurrencies. Venezuela is preparing for a pre-sale of the petro, its oil-backed cryptocurrency which can be used to pay national taxes, fees, and public services. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies […]

The post Venezuela Invites OPEC Countries to Jointly Develop Oil-Backed Crypto Platform appeared first on Bitcoin News.

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