UAE Minister of State for Foreign Trade Thani Al-Zeyoudi has predicted that cryptocurrencies will play a “significant role” in the country’s international trade. During a recent interview at the World Economic Forum in Davos, Switzerland, Al-Zeyoudi outlined the UAE’s trade policy and partnership plans.
Al-Zeyoudi noted that an appropriate regulatory framework is needed to turn the Gulf Nation into a global crypto hub. “We started to attract some companies to the country with the goal that we build together the correct governance and legal system, which are necessary,” he said.
El Salvador’s Crypto Exposure Minimal, Bank President States
Despite El Salvador being the first country to accept Bitcoin as legal tender, the exposure to digital currencies such as Bitcoin is minimal, according to the president of the Central American Bank for Economic Integration (CABEI), Dante Mossi. A $450 million bond agreement was signed with the multilateral lender in December 2022, and banks have provided the majority of the money to pay it off.
NFT Transactions Surpass $101 Million in 2021-2022: Report
A report by DappRadar on the growth of blockchain-based applications (DApps) shows that NFT sales totaled $101 million in 2021-2022, which is a 67.57% increase from the previous year. Ethereum led the market with a 21% share and more than $21.2 million in transactions, followed by Wax ($14.5 million), Polygon ($13.3 million), and Solana ($12.9 million). Moreover, the transaction volume for ImmutableX and Solana saw a 440% and 315% increase respectively.
