Crypto Adoption Is Growing the Fastest in Africa: Chainalysis

As per blockchain and market research firm Chainalysis, cryptocurrency adoption has grown the fastest in the Middle East and North Africa (MENA) sub-region. Between July 2021 and June 2022, residents received $566 billion in cryptocurrencies indicating a 48% increase with respect to the previous year. This increase mainly can be attributed to the flexible regulations for trading crypto assets in the country.