Crypto adoption skyrockets in Middle East and North Africa due to favorable economic climate

The Middle East and North Africa (MENA) was the fastest growing crypto market in 2022, according to a new report by Chainalysis.
Users in the region transacted $566 billion in cryptocurrency between July 2021 and June 2022, up 48% from a year earlier, the report found. In comparison, crypto transactions rose 40% in Latin America, 36% in North America, and 35% in Central and Southern Asia. Other regions saw growth of 22% or less.
For the report, Chainalysis conducted interviews in countries to cast what it described as a “really wide net” and talked to regulators, private businesses, OTC broker

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