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'.
A perpetual on FARTCOIN 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.
The legal status above rules out a trading route for Fartcoin exposure from Kuwait.
Individual capital gains tax rates in Kuwait range from 0% to 15%, and income tax rates range from 0% to 30%.
Trading Fartcoin from Kuwait: banned.
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 Fartcoin: Individual capital gains tax rates in Kuwait range from 0% to 15%, and income tax rates range from 0% to 30%.
There is no local standard, because there is no local venue that could set one.
Perpetual markets for stocks, gold, indices and pre-IPO names — settled on-chain, no wallet-to-exchange transfers.
