đ˘Why Everyone's Watching
#MENA for Crypto Innovationđ
đŞThe Middle East & North Africa region ranks as the seventh-largest crypto market globally in 2024, accounting for 7.5% of the world's total transaction volume, according to
#Chainalysis . And as always,
$BTC remains the leading asset, driving both institutional and retail interest across the region.
đ˘What really caught my attention is how quickly MENA is shaping its own approach to crypto?
𪜠If you're curious to dive deeper, I came across an insightful article and pulled out a few highlights that stood out to me
1ď¸âŁTokenization in
#Bahrain :
đThe Central Bank of Bahrain updated its framework to include
#DigitalToken Offerings. This both strengthens investor.
đThis both strengthens investor protection and expands opportunities for licensed firms. For me, it's a great example of regulation keeping pace with innovation.
2ď¸âŁSaudi Arabia and
#UAECrypto Developments:
đI found it especially interesting that Volodymyr Nosov, Founder and President of WhiteBIT Group, met with Prince Naif bin Abdullah in Saudi Arabia to explore collaboration in blockchain infrastructure and digital banking.
đMeanwhile, Ripple secured DFSA approval to offer regulated crypto payment services in Dubai. These moves show the region is open to global partnerships.
3ď¸âŁSCA & VARA Partnership
đThe collaboration between regulators streamlines licensing processes for virtual asset service providers (VASPs), makingmaking market entry faster and clearer while maintaining strong compliance.
đThis step builds transparency and trust - both essential for a thriving digital asset ecosystem.
đSo, MENA isn't just following global
$BTC trends - it's actively shaping them.
To me, this looks like a deliberate push to balance innovation with regulation, which could turn the region into a global benchmark for crypto adoption.