Tag: Adoption

Will Dubai, the Middle East’s new crypto oasis, go global, essays Liam Gibson for Wealth of Geeks. Dubai has big ambitions to become a regional and global destination for cryptocurrency. It is well-positioned as the most populous of the United Arab Emirates’ seven emirates and the region’s undisputed travel and trade hub. Located at the…

NFTs have taken the internet by storm over the last five years, generating countless column inches and eye-watering levels of investment. This is a sector ripe with opportunity, but, as with any investment, it pays to do your homework, says Nasreen Faqihi, Chief Executive of NFT platform Crypto Camels Club. If you spend even a…

In the UAE, cryptocurrencies have rapidly been gaining appeal among younger demographics. Latest surveys show over 54% of residents aged between 18 and 35 years are expressing increased openness towards crypto. Many latest surveys show that young adults are among those in the UAE who are most likely to invest in cryptocurrencies in the near…

Areije Al Shakar, the senior vice president at Bahrain Development Bank & director at Al Waha Venture Capital Fund of Funds, revealed her thoughts on Wamda. Banks and financial regulators in the Middle East have been slower to embrace cryptocurrency than Europe and the US. Before the pandemic, the Middle East’s crypto market was still…

According to the new Gemini study, one-third of Emiratis and Israelis own crypto. Meanwhile, globally crypto ownership is the highest in Brazil and Indonesia. Also, nearly 40% of global respondents first bought cryptocurrency last year. New York-based crypto exchange Gemini published the “Global state of crypto” report following what it said was a pivotal year…

As the Russian invasion of Ukraine enters its second month, Gita Gopinath, the International Monetary Fund (IMF) official, has warned that the financial sanctions imposed on the invading country, including restrictions on its central bank, could have some wide-reaching effects on currencies. With this, the Chinese yuan and cryptocurrencies could see their adoption accelerate with…