The Rise in Cryptoasset Adoption in MENA and Latin America: What Is the Appetite For

AF Aysan

doi:10.1007/978-981-97-1998-3_18-1

The Rise in Cryptoasset Adoption in MENA and Latin America: What Is the Appetite For

AF Aysan

Islamic Studies – Administration

Research output: Chapter in Book/Report/Conference proceeding › Chapter › peer-review

Abstract

This chapter explores the reasons behind the recent increase in demand for cryptoassets in the Middle East and North Africa region and Latin America. Using the latest data on country-specific transaction values and a push-pull framework that explains the various determinants of cryptoasset adoption, this chapter provides an analysis of the related motives in these two regions. It is assessed that economic and political instability at both national and global levels play a nontrivial role in shaping the appetite for cryptoassets in certain countries of interest, including Lebanon, Egypt, Argentina, and Venezuela. However, the nature of the demand varies to some extent across countries and involves considerations of strategies for future readiness.

Original language	English
Title of host publication	The Palgrave Handbook of FinTech in Africa and Middle East
Publisher	Palgrave Macmillan, Singapore
Pages	1-11
Number of pages	11
ISBN (Electronic)	978-981-97-1998-3
ISBN (Print)	978-981-97-1998-3
DOIs	https://doi.org/10.1007/978-981-97-1998-3_18-1
Publication status	Published - 9 Jan 2025

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The Rise in Cryptoasset Adoption in MENA and Latin America: What Is the Appetite For

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