Middle East News

While regulations were once seen as hurdles to crypto adoption, they are now perceived as the fastest way to attain global mainstream adoption.

Crypto-friendly cities throughout the world report growth and innovation despite recent events.

Changpeng Zhao first announced the fund following FTX filing for bankruptcy, saying it would be aimed at helping projects with liquidity issues but was not for “liars or frauds.”

While some lawmakers expressed their eagerness to quick up the regulatory progress, others blamed the SEC in FTX’s monopoly.

A new blockchain body has been launched with the backing of industry leaders in the Middle East region including figures from Binance, Crypto.com and the largest crypto exchange in the region.

The Middle East, one of the world’s fastest-growing crypto markets, now offers a new opportunity for direct investment in Bitcoin through the 21Shares Bitcoin ETP.

The exchange alleges a 49% increase in user sign-ups across the Middle East and Northern Africa (MENA) region.

Crypto value received in Afghanistan surged in the wake of the Taliban seizing power in August 2021, but crypto markets have flatlined under the regime.

From institutional crypto usage in the United Arab Emirates to remittance payments in the Egyptian market, the last year revealed major growth for crypto in the MENA region.

Over $12 million in value was issued in the pilot with commercial and central banks in Hong Kong, Thailand, the UAE and China taking part.

The Central Bank of Bahrain gives the nod to EazyPay, launching crypto payments for more than 5,000 payment gateways in the country.

The FSRA is taking a pro-market stance but pledges to comply with international safety standards.

Cointelegraph MENA will cover more news and technological developments in each country in the region in Arabic.

In an interview with Cointelegraph, the hereditary prince nuanced his views on Bitcoin adoption in the Middle East and shed light on Bitcoin in Serbia.

Yale graduate student Karam Alhamad created the ZeFi Foundation to educate future crypto users and address problems facing Syria and Iraq.