💳💵MENA dominates global cryptocurrency trading, with UAE emerging as hub💵💳
The Middle East and North Africa (MENA) region accounted for 7.5% of global cryptocurrency transaction volume between July 2023 and June 2024, with institutions and professionals responsible for the majority of transactions. The UAE is emerging as a global crypto hub, driven by regulatory clarity and digital asset technology. The Dubai Court of First Instance has ruled that cryptocurrencies are a legal means of payment, and financial regulators in the UAE have taken steps to regulate digital assets, including allowing virtual asset providers to serve the entire country.
