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Home›Crypto›Regulation›Middle East crypto activity triples to $350 billion am…

Middle East crypto activity triples to $350 billion amid conflict

A Bitcoin Policy Institute report links the rise to demand for digital assets to help preserve and transfer wealth while Gulf crypto businesses continue operations despite disruption.

Reported · Written up by our desk · Regulation

A new report from the Bitcoin Policy Institute, cited by Decrypt, says Middle East crypto activity has more than tripled to $350 billion amid ongoing conflict.

The outlet attributes the surge to increased demand for digital assets as a way to preserve and transfer wealth during disruption.

The report also points to Gulf-based crypto businesses continuing to operate through the conflict, even as conditions in the region remain volatile.

Overall, Decrypt frames the development as a signal of how conflict-related uncertainty is affecting crypto usage in the region.

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Sources

DecryptMiddle East Crypto Activity Triples to $350 Billion Amid Ongoing Conflict, Report Finds

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