N Shorts

Kuwait new rule for Gold and precious metals: Bans cash payment to fight illegal transactions

N Shorts
Kuwait new rule for Gold and precious metals: Bans cash payment to fight illegal transactions
Kuwait has banned cash for gold and precious metals. This move aims to increase transparency and combat money laundering. All transactions must now use approved digital payment methods. This aligns Kuwait with regional efforts in the GCC. Jewelers and buyers must adapt to the new cashless system. Penalties for non-compliance include shop closure.

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