Migrants in UAE Turn To Crypto To Send Remittances Home
- Date: 20-Jun-2023
- Source: Gulf Insider
- Sector:Financial Markets
- Country:UAE
Migrants in UAE Turn To Crypto To Send Remittances Home
The Middle East and North Africa had the fastest-growing crypto market in the world last year, according to blockchain data platform Chainalysis, with crypto transfers into the region rising by 48% to $566 billion in the year to June. The use of crypto for remittances and savings, as well as increasingly permissive regulations, are helping …
The post Migrants in UAE Turn To Crypto To Send Remittances Home appeared first on Gulf Insider.
The Middle East and North Africa had the fastest-growing crypto market in the world last year, according to blockchain data platform Chainalysis, with crypto transfers into the region rising by 48% to $566 billion in the year to June. The use of crypto for remittances and savings, as well as increasingly permissive regulations, are helping …
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