Middle East Newsletter: Crypto Captures the Mideast Market

Photographer: INA FASSBENDER/AFP

Blockchain-based currencies are making inroads in the Middle East with Dubai’s first-of its-kind crypto listing and the Bank of Israel’s trial of a digital shekel.

The Bitcoin Fund, that invests in long-term holdings of the cryptocurrency and was the first of its type to be listed on a major exchange, expanded to Nasdaq Dubai last week to ensure trading to all hours around the globe.