Arab countries are witnessing a growing adoption of cryptocurrencies, with the UAE leading the way with 30.4% of the population, equivalent to 3 million people. Saudi Arabia follows with 4.2 million people representing 11.4% of the population. In Egypt, the number of cryptocurrency owners is 3.33 million people, equivalent to 3% of the population, while in Algeria the number reaches 1 million people, representing 2.2%. Despite these statistics, central banks warn of the risks associated with cryptocurrencies due to their high volatility.

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