Mubasher: The Central Bank of Kuwait (CBK) has collaborated with the Capital Markets Authority (CMA) to launch a joint financial literacy campaign on investing or dealing in crypto assets in the state, according to a press release on Sunday.

Virtual currencies have sharp price fluctuations; therefore, there are risks associated with using them as they are not subject to any regulatory authority inside Kuwait, CBK Governor, Mohammad Al Hashel commented.

He added that such risks expose speculators to large losses and fraud.

Last June, the CBK initiated Diraya (Be Aware) campaign to address the practice of loan encashment and its risks.

Source: Mubasher

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