The Central Bank of Kuwait (CBK) announced that it has allowed a new buy now, pay later (BNPL) product to begin testing with volunteer customers and merchants before launching in the market. The test is to take place within CBK’s Regulatory Sandbox — a “safe...
July 20, 2023
Kuwait has outlawed the use of cryptocurrency in payments or investments to prevent money laundering. Regulations unveiled earlier this week by the country’s Capital Markets Authority (CMA) place an “absolute prohibition” on the use of digital currencies in making payments, and come amid a worldwide wave of regulations designed to place curbs on the crypto sector. The regulator […]
October 24, 2022
The Central Bank of Kuwait (CBK) announced that it has allowed a new buy now, pay later (BNPL) product to begin testing with volunteer customers and merchants before launching in...
