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UAE Spearheads MENA Crypto with Regulation Below excerpt article reported by Chainalysis Team. (2023, September 26). Middle East & North Africa: Crypto Takes Hold as UAE Leads the Way in Promoting Regulatory Clarity. Chainalysis Middle East & North Africa: Crypto Takes Hold as UAE Leads the Way in Promoting Regulatory Clarity “An estimated $389.8 billion in on-chain value received between July 2022 and June 2023” The United Arab Emirates (UAE): How forward-looking regulators are shaping a global crypto hub "The UAE has a history of attracting top financiers, young tech entrepreneurs, and innovative companies from across the globe due to its uniquely innovation-friendly regulatory focus. The UAE is also ahead of the curve when it comes to adopting advanced technologies to help make businesses more efficient and improve quality of life for its citizens. The same holds true for blockchain technology." Saudi Arabia leads the world in year-over-year crypto transaction growth "No country saw its crypto economy grow more this past year than Saudi Arabia, with year-over-year transaction volume growth of 12.0%. In fact, Saudi Arabia is one of only six countries to see any year-over-year transaction volume growth during the time period studied." To read full article, click here Image by freepik Legal Disclaimer: INFYNIT is providing the content here for educational purposes only. All opinions are of the original author and not an opinion of INFYNIT or any of its affiliates. #GlobalNews #Crypto #Blockchain #Crypto-Friendly #Investment #Hong #Kong #regulations #China #RAK #DAO #UAE #Web3 #regulatory #regulation #MENA #Middle #East #North #Africa #Saudi #Arabia