Decentralized Finance Gains Ground In The GCC

As GCC countries look to harness new forms of financial technology (fintech) such as blockchain, deepen their financial services and expand financial inclusion, governments are embracing decentralised finance (DeFi) and are working to attract cryptocurrency companies to the region. In DeFi – peer-to-peer financial services with no central authority or intermediary involved in trading, lending, investing and other activities – GCC countries see the opportunity to diversify their economies and embrace Web3 technologies – such as…