Global Decentralized Finance Market Analysis and Growth Forecast to 2031

The global Decentralized Finance (DeFi) market is projected to grow from $13.5 billion in 2023 to $270.7 billion by 2031, with a CAGR of 45.7%. This growth is driven by the increasing adoption of blockchain technology and decentralized applications, enhancing financial accessibility and control. Key players include Avalanche BVI Inc., BitMart, and Coinbase Global Inc., with significant developments such as the merger between Life DeFi and Flashy Cash aimed at expanding DeFi solutions globally.

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Singapore Leads Global Blockchain Innovation with Highest Ranking and Patents

Singapore has emerged as the global leader in blockchain innovation, achieving a top score of 85.4, supported by 1,600 patents and 81 crypto exchanges. The nation boasts over 2,400 blockchain-related jobs, reinforcing its commitment to digital economy advancement.Hong Kong and Estonia follow closely, scoring 82.7 and 81.5 respectively, while the United States, despite regulatory challenges, leads in patent numbers with around 32,000. Bahrain has also introduced crypto-friendly corporate banking services, enhancing the integration of traditional and digital finance in the MENA region.

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Top Seven Cryptocurrencies to Consider for Investment Today

The cryptocurrency market is buzzing with excitement as Qubetics ($TICS) surpasses $7.5 million in its presale, attracting over 11,500 holders. Alongside established players like Bitcoin, Ripple, and Ethereum, Qubetics stands out with its innovative QubeQode IDE, designed to simplify blockchain development for users of all skill levels.As Bitcoin maintains its dominance at around $95,000, Ripple continues to facilitate rapid cross-border payments despite ongoing legal challenges. Other notable coins include Solana, Cardano, and Polkadot, each offering unique advantages in the evolving crypto landscape.

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Singapore Crypto Firm Shifts Focus to Stablecoins for Payment Solutions

Dtcpay, Singapore’s regulated cryptocurrency payment institution, will exclusively support stablecoins like USDC, USDT, FDUSD, and WUSD starting January 2025, discontinuing Bitcoin and Ethereum due to their volatility. This strategic shift aims to enhance payment stability and align with user preferences, as stablecoin transactions have surged, reaching approximately US$1 billion in quarterly volume in Singapore. The move reflects a broader trend towards stablecoins in digital payment systems, reinforcing dtcpay’s commitment to innovative financial solutions.

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National Bank of Bahrain Launches Bitcoin Fund for Institutional Investors

The National Bank of Bahrain has launched its first Bitcoin investment fund aimed at institutional investors in the GCC, developed in partnership with ARP Digital. This fund provides exposure to Bitcoin with capped gains and full loss protection, marking a significant step in Bahrain’s efforts to create a crypto-friendly environment. The MENA region has seen substantial crypto transactions, predominantly from institutional investors, highlighting the growing interest in digital assets.

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National Bank of Bahrain Launches First Bitcoin Investment Fund for Institutions

The National Bank of Bahrain has launched its first Bitcoin investment fund aimed at institutional investors in the Gulf Cooperation Council. Developed in partnership with ARP Digital, the fund offers exposure to Bitcoin with capped gains and 100% loss protection, reflecting Bahrain’s push for a secure digital asset ecosystem. The region has seen significant growth in cryptocurrency transactions, with institutional investors driving the majority of activity.

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Petiole Asset Management Appoints Mathias Niederhauser as Managing Director Digital Solutions

Petiole Asset Management has appointed Mathias Niederhauser as Managing Director of Digital Solutions. With over 15 years of experience, he will lead the Digital Solutions division, focusing on enhancing the digital investment platform and expanding partnerships in private market solutions, including private equity and real estate. Niederhauser previously held senior roles at The Family Office Co. in Bahrain and other financial institutions, specializing in digital transformation and business development.

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Crypto.com Secures PSP Licence in Bahrain for Prepaid Card Launch

Crypto.com has received full approval from the Central Bank of Bahrain for its subsidiary to provide payment service provider (PSP) services, enabling the launch of prepaid cards in the region. This regulatory achievement enhances Bahrain’s status as a hub for digital asset regulation and supports its vision for a digital-first economy. The company continues to expand globally, holding multiple licenses across various markets, including Dubai and several countries in Europe and Asia.

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Julius Bär Expands Presence in Dubai’s Wealth Management Market

Julius Bär has recruited two senior bankers from UBS and J.P. Morgan to strengthen its business with wealthy non-resident Indians in Dubai. Sanjay Advani and Nisar Sindhi have joined Julius Bär’s “Global NRI Team” in Dubai to support the growth and regional expansion of this segment. The move aims to capitalize on the appeal of Dubai and other Gulf states as a key link between the NRI and onshore Indian customer segments.

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Bahrain’s Comprehensive Regulation of Cryptocurrency and Tax Laws

Bahrain has established clear regulations for the cryptocurrency industry, ensuring a safe and transparent environment for crypto-asset services. The Central Bank of Bahrain enforces strict compliance with licensing, capital requirements, tax laws, and cybersecurity measures, positioning the country as a favorable market for cryptocurrency exchanges. Additionally, the National Bureau for Revenue has outlined specific VAT guidelines for different types of cryptocurrency tokens, clarifying tax responsibilities for individuals engaged in crypto trading platforms in Bahrain.

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Understanding Reflection Tokens: A New Frontier in Cryptocurrency Investment

Three popular tokens for potential quick gains are SafeMoon V2, Evergrow Coin, and Shiba Token. These tokens offer passive income through reflection rewards, promote long-term retention, and contribute to market stability. However, buyers should be aware of the substantial transaction fees associated with these tokens, which may require holding them for an extended period to offset.

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The Gulf States: A Magnet for Wealthy Individuals and Investment

The Swiss financial industry is abuzz with the immense growth opportunities in the Middle East, particularly driven by the region’s urbanization programs and cultural openness. Arab states’ substantial wealth, managed by their sovereign wealth funds, is attracting global financial institutions and spurring investment in local industries. This shift is drawing Swiss banks and even cryptocurrency specialists to the region, positioning the Middle East as a new hub for high finance and digital assets.

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