Tag: MiddleEast

The Middle East, where crypto use is growing fastest, offers the starkest contrasts between cryptocurrency’s origins as anti-government money and the growing desire of governments to use the technology to modernize markets and monitor financial activity – writes Ben Schreckinger on POLITICO. At high-powered business gatherings this week, government officials and executives here highlighted their…

Window between Web3 and wealth generation is all set to open in the MENA region, says Farbod Sadeghian, the founder of artèQ and Qlindo, on Arab News. As is true for most of the world, the socioeconomic effects of the COVID-19 pandemic throughout the Middle East and North Africa have been quite punitive. With stringent…

Blockchain analytics firm Chainalysis’s study revealed that the Middle East and North Africa region was the fastest-growing market for crypto adoption over the 12-month period that ended on June 30. Crypto users in the region received $566 billion in crypto from July 2021 to June 2022. Users based in The Middle East and North Africa…

SHAREit Group, a global technology company, presented its ability to connect numerous users in the Middle East. The platform drives around two million new users to various crypto apps each month. At the recent Crypto Dubai Expo, SHAREit Director of Global Partnerships Lisa Dominguez, in a keynote speech, shared that the UAE, Egypt, and Saudi…

For the near future, financial executives can expect substantial ambiguity surrounding all things DeFi, which they can best confront with an open mind, a level head, and a willingness to roll up their sleeves and get involved, Jorge Camarate, Antoine Khadige, and Vishal Gupta, Senior Associate, from Strategy& wrote on Arabian Business. Financial service companies…

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…