Sara
Fri Jun 07 2024
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6 answers
1066
Is Kuwait crypto friendly?｜. The government has taken a stance against adopting Bitcoin and other such cryptocurrencies as legal money because of its high volatility. Criminals also use cryptocurrencies as a vessel for transporting money earned from illicit activities.The Government does not recognize Cryptocurrency in Kuwait as legal tender
Could you elaborate on Kuwait's stance towards cryptocurrencies? It seems that the government has expressed reservations about adopting Bitcoin and similar cryptos as legal tender due to their high volatility. Additionally, I've heard that criminals utilize cryptocurrencies as a medium for laundering funds obtained through illegal activities. Given these concerns, does Kuwait consider cryptocurrencies to be legal?
HanbokElegance
Thu Jun 06 2024
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7 answers
1861
Is crypto legal in Hong Kong?｜Under Hong Kong law, . There is currently no digital asset that is backed by the Hong Kong government. Cryptocurrencies are not legal tender regulated by the HKMA and do not qualify as money
Could you please elaborate on the legality of cryptocurrencies in Hong Kong? As per Hong Kong's legal framework, it seems that there are currently no digital assets that enjoy official backing from the Hong Kong government. Are cryptocurrencies considered legal tender, or do they fall outside the purview of the Hong Kong Monetary Authority's regulation? Furthermore, does this mean that they do not qualify as a form of money in Hong Kong?
