Crypto On NEO: The Blend — Major Role in UAE Trade, Central African Republic Eyes Legal Framework, Second Most Widely-Owned Asset Class by Women
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It's time for a weekly update on the latest news in the world of crypto!
According to Thani Al-Zeyoudi, the UAE's minister of state for foreign trade, crypto will play a "major role" in the country's future global trade. During an interview with Bloomberg at the 2023 World Economic Forum in Davos, Switzerland, Al-Zeyoudi emphasized the importance of ensuring global governance in the crypto sector. The focus of the UAE's crypto regulatory regime will be on creating a hub with crypto-friendly policies and sufficient protections.
The Central African Republic is taking steps towards crypto adoption by forming a 15-member committee responsible for drafting a bill on the use of cryptocurrencies and tokenization in the region. President Faustin-Archange Touadéra believes that cryptocurrencies can help eliminate financial barriers in the country and envisions a business-friendly environment supported by a legal framework for crypto usage. The committee will work on a legal framework that will allow for the operation of cryptocurrencies in the Central African Republic and aid in the development of the national economy.
An eToro survey reveals that cryptocurrencies have risen in popularity among women, becoming the second most widely owned asset class after cash. In Q4 of 2022, 34% of women owned crypto, up from 29% in the previous quarter. This increase was faster than that of men, whose ownership rate only increased from 42% to 43%. According to eToro's global market strategist, Ben Laidler, crypto is "succeeding where traditional financial markets have sometimes failed in bringing more women to the table. »
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