Crypto activity across the Middle East has tripled to $350 billion amid the ongoing Iran conflict, according to a report from the Bitcoin Policy Institute. The report says demand for digital assets has risen as people seek ways to preserve and transfer wealth during the conflict. It also notes that cryptocurrency businesses in the Gulf have continued operating despite disruption linked to the conflict. The findings highlight activity across a region where digital assets are being used alongside traditional financial channels, while local businesses maintain operations under difficult conditions. The report does not indicate that the increase is tied to one specific cryptocurrency. Its findings are relevant to bitcoin and the broader digital-asset market, particularly as investors track changes in regional crypto use during periods of geopolitical instability.
