Interview with Mohammed Alkaff AlHashmi on the Rise of Menas Crypto Market by CoinEdition

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Interview with Mohammed Alkaff AlHashmi on the Rise of Menas Crypto Market

Mohammed AlKaff AlHashmi has over 18 years of IT and engineering experience with a focus on Industry 4.0, Artificial Intelligence, Machine Learning, Industrial Automation and IoT. He is an entrepreneur working on a series of cutting-edge technology initiatives and is the founder of Islamic Coin: a currency dedicated to empowering a Shariah-compliant and ethical financial ecosystem.

Q: The Middle East and North Africa (MENA) was the fastest growing crypto market in 2022, according to a recent report by Chainalysis. What do you think is the cause of this increase?

The MENA region has become the number one region in terms of growth this year, and I think this is the result of several important factors. Adoption is happening at every level: from crypto-enabled government regulation to local blockchain activity. The growth of the MENA region market has been driven by the growing number of local blockchain initiatives related to financial innovations, environmental, social and governance (ESG) projects, and education.

This expansion is due to regional cooperation. Chainalysis ranked Turkey, Morocco, and Egypt among the top 30 countries on the company’s Crypto Adoption Index, and I see the UAE, Saudi Arabia, and other countries coming in also develop in this direction.

Q: The center of the crypto adoption movement in the MENA region is Dubai. Furthermore…

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