The Kuwait Capital Markets Authority (CMA) published the twenty-third issue of its electronic e-Awareness Magazine, featuring an editorial by Board Chairman and Executive Director Emad Ahmed Tifoni on the future of securities-based crowdfunding in Kuwait. The editorial signals that the CMA is looking at the securities-based crowdfunding service in its next phase and anticipates that more companies will register as service providers, alongside rising demand from investors and entrepreneurs, while noting that successful implementation depends on coordinated efforts across stakeholders. The quarterly issue combines investor and legal awareness content with coverage of the CMA’s news and events for the December 2025 to February 2026 issuance period. Topics include artificial intelligence in legal performance, the legal framework for foreign investment in the Kuwait Stock Exchange, threats posed by generative AI chatbots, the regulatory testing environment in capital markets, special purpose acquisition companies, and risk management in financial institutions, alongside updates such as developments in the construction of the CMA’s permanent headquarters and its institutional representation in the International Organization of Securities Commissions.