Cryptocurrencies are no longer a fringe innovation; they have emerged as powerful indicators of a gradual yet profound shift in banking from conventional financial systems to decentralized digital models. No longer confined to speculative trading, cryptocurrencies are becoming policy instruments in international trade, a means by which countries can evade sanctions, and potentially a way for them to recalibrate geopolitical alliances. This shift is especially pronounced within the Gulf Cooperation Council (GCC), where digital finance is now central to national economic diversification as well as member states’ efforts to reduce their reliance on Western financial systems.
The Future of Cryptocurrency in the Gulf Cooperation Council Countries (Ala’a Kolkaila – Carnegie Endowment for International Peace)
Related articles
