Commerce Ministry shuts unlicensed online trading company
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The Ministry of Commerce and Industry closed a company that traded in metals and currencies. The firm operated its electronic trading business without the required licence. It also stopped customers from withdrawing their capital or collecting their profits. This action followed a violation of a specific clause in a 2014 ministerial resolution. That regulation prohibits commercial establishments from conducting such activities without authorization.
The Ministry of Commerce and Industry has shut down a company trading in currencies and metals for conducting electronic trading without a licence and preventing customers from withdrawing their capital or receiving their profits. The ministry said the company violated Article 13, Clause 6, of Ministerial Resolution No. 216 of 2014, which prohibits commercial establishments … The post Commerce Ministry shuts unlicensed online trading company appeared first on Times Kuwait .
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