Trade Bitcoin in Kuwait

Crypto trading is banned in Kuwait, so no trading route for Bitcoin is offered to residents.

Is Bitcoin trading legal in Kuwait?

Kuwait is one of the few countries we cover where spot and derivatives give the same answer, because the prohibition is written at the level of the asset class. Ministerial Circular No. 1 of 2023, issued on 17 July 2023 by the Minister of Commerce and Industry to all financial institutions and designated non-financial businesses and professions, states an 'absolute prohibition of using virtual assets as a payment instrument/means or recognizing them as a non-centralized currency in the State of Kuwait', prohibits dealing in virtual assets 'as a means of investment' and requires institutions to refrain from providing that service to any customer, prohibits issuing any virtual-asset-services licence to any natural or legal person in Kuwait — noting that none has ever been issued — and imposes an 'absolute prohibition of all virtual assets/currencies mining activities'.

What the contract is

A perpetual on BTC tracks price and does not confer ownership of the underlying — the same contract mechanics apply in every jurisdiction; what differs by country is legal status and funding rails.

Individual capital gains tax rates in Kuwait range from 0% to 15%, and income tax rates range from 0% to 30%.

Trading BTC from Kuwait: banned.

For Bitcoin traders in Kuwait: Kuwait's Ministerial Circular No. 1 of 2023 bans dealing in virtual assets as an investment, issuing any virtual-asset licence and mining, enforced under Law No. 106 of 2013, and the ban covers leveraged crypto derivatives too.

Ministry of Commerce and Industry (MoCI) issued the prohibition circular and supervises non-financial businesses and professions; instruments of the Central Bank of Kuwait (CBK) and Capital Markets Authority (CMA Kuwait) are exempt.

For Kuwait residents trading Bitcoin: Individual capital gains tax rates in Kuwait range from 0% to 15%, and income tax rates range from 0% to 30%.