The UAE grabbed the top crypto spot across the Middle East and North Africa after a report from Bybit and DL Research ranked it fifth worldwide for digital asset adoption behind Singapore, America, Lithuania, and Switzerland. The country built bridges between Asia, Europe, and Africa through tokenized finance while backing everything with clear AML rules and legal frameworks that pull in both talent and businesses. Michelle Daura from Bybit said the exchange set up headquarters in Dubai early and locked down the first Virtual Asset Platform Operator License from the SCA.
Saudi Arabia has been beefing up its digital asset infrastructure with expanded licensing regimes and strong public interest driving crypto ownership rates higher. North African countries like Morocco show grassroots adoption even though regulations stay strict, and the region acts as a hybrid zone where institutional hubs and bottom-up financial innovation both push growth forward.
Saudi Arabia has been beefing up its digital asset infrastructure with expanded licensing regimes and strong public interest driving crypto ownership rates higher. North African countries like Morocco show grassroots adoption even though regulations stay strict, and the region acts as a hybrid zone where institutional hubs and bottom-up financial innovation both push growth forward.
