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Oday Kamal: Bitcoin in the Middle East & North Africa and Building Around Legacy Central Banks

Coin Stories

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Navigating the Regulatory Landscape for Cryptocurrencies in the Middle East

The chapter delves into the challenges and opportunities of operating in the Middle East, highlighting the varied regulatory environments in countries such as Bahrain and the UAE. It explores topics like licensing processes, capital requirements, and the potential for Bitcoin to provide economic freedom in authoritarian regimes. The discussion also mentions the growing hub for cryptocurrencies in Bahrain, the presence of digital assets in the UAE, and the role of renewable energy in Bitcoin mining in the region.

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