Anthony Lynch

May 25, 2021

2 min read

Central Bank of Kuwait released a warning statement against crypto investments

Image from Unsplash (Link: https://unsplash.com/photos/bs2_34b5Bw0)

“The real currency is regulated by state authorities such as central banks or monetary institutions. It is considered and accepted as a store of value and legal tender. It serves as a reliable medium for exchange.”

Due to the recent collapse of the cryptocurrency market, many institutions worldwide have doubts about the legitimacy of these currencies. Although, there are specific countries that have closed their doors to digital tokens even ages ago. Turkey banned crypto payments, while India continues to threaten a ban. We also have Nigeria and Algeria who show disagreement to internet money.