Central Bank of Kuwait issues warning against crypto investments

[Dociko]

The Central Bank of Kuwait said that a “real” currency is one issued by the state. Last week’s market-wide price crash caused central banks around the world to issue warnings about the risks of investing in cryptocurrencies.

The Central Bank of Kuwait was no exception, and on Saturday, it issued a statement to warn the public about volatility in cryptocurrency markets.

The Central Bank of Kuwait stated that crypto assets are not real currencies even though they are commonly called cryptocurrencies. Source: Cointelegraph