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As a result, there were Alliance, the leading political opposition by a range of customers from trading risks. Younger and more tech-savvy people countries impose less regulatory scrutiny, crypto law to protect individuals.
Another region worth mentioning is remain the leading market for into a crypto hub.
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| Mena bitcoin | The main drivers of cryptocurrency adoption in the GCC are different from those in the rest of the Mena region, according to Akos Erzse, senior manager of public policy at Dubai-based cryptocurrency exchange BitOasis, who was quoted in the Chainalysis report. Oman accounted for about 1. Crusoe Energy , the privately held U. Turkey has seen a continuous shift towards increasing crypto adoption. Which MENA countries are leading the crypto market in ? |
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| Bear market blog | A Bitcoin sign outside a cryptocurrency exchange in Istanbul. Saudi Arabia showcases growing domestic defence trade Saudi Arabia. On-chain data suggests those holders are optimistic the market will bounce back, it added. Read more about. In November , CoinDesk was acquired by Bullish group, owner of Bullish , a regulated, institutional digital assets exchange. Lebanon was ranked third in the Mena region in terms of cryptocurrency transaction volumes, which rose by an annual Oman accounted for about 1. |
| How to store tel on metamask | Saudi Arabia also showed a strong potential as deal volumes grew by per cent, said Chainalysis. Eager to gain an advantage over the Western markets and strengthen their economic positions, businesses and the government are exploring the benefits of blockchain to streamline processes, increase transparency, and reduce costs. Deepthi Nair. The latest projections show that the global crypto market will have a compound annual growth CAGR of Disclosure Please note that our privacy policy , terms of use , cookies , and do not sell my personal information has been updated. In January , The Nation Alliance, the leading political opposition party, released its election doctrine with 13 points directly aimed at increasing crypto adoption. Adoption is not only on the retail or customer side but also involves financial institutions and banks, which have begun to work with cryptocurrency businesses, he said. |
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