Middle East and North Africa; Areas with the highest cryptocurrency growth

According to IRNA’s Rasha Today network, Chainalysis said in this report that users in the Middle East and North Africa were able to earn 566 billion dollars from cryptocurrency from July 2021 to 2022.

According to this report, this amount is actually 48% more than last year.

Cryptocurrency growth in the Middle East and North Africa has been announced compared to other regions of the world, according to this report, this emerging market has grown by 40% in Europe, 36% in North America, and 35% in Central and South Asia.

The Middle East and North Africa is home to three countries, Turkey, Egypt, and Morocco, which were among the top 30 countries in the global cryptocurrency acceptance index in 2022. Accordingly, Turkey ranks 12th, Egypt ranks 14th, and Morocco ranks 24th.

According to this report, cryptocurrency is mostly used in the Middle East and North Africa region for asset preservation and transfer payments.