While regulations were once seen as hurdles to crypto adoption, they are now perceived as the fastest way to attain global mainstream adoption.
Middle East News
- New Year Special2325
- Analysis
Crypto-friendly cities throughout the world report growth and innovation despite recent events.
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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.”
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While some lawmakers expressed their eagerness to quick up the regulatory progress, others blamed the SEC in FTX’s monopoly.
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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.
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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.
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The exchange alleges a 49% increase in user sign-ups across the Middle East and Northern Africa (MENA) region.
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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.
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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.
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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.
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The Central Bank of Bahrain gives the nod to EazyPay, launching crypto payments for more than 5,000 payment gateways in the country.
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The FSRA is taking a pro-market stance but pledges to comply with international safety standards.
3394 - Announcement
Cointelegraph MENA will cover more news and technological developments in each country in the region in Arabic.
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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.
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Yale graduate student Karam Alhamad created the ZeFi Foundation to educate future crypto users and address problems facing Syria and Iraq.
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