Egypt, previously ranked as the fastest growing crypto economy worldwide, dropped out of the top 30, according to Chainalysis’ Geography of Cryptocurrency report for the MENA region.
Critics have labeled the act by the global cryptocurrency company as a publicity stunt to launder its embattled image.
There are concerns about the earthquake affecting the meetings in Marrakech since it is expected to bring a crowd of 10,000-15,000 people to the city.
Binance will airdrop $10 in BNB to active transacting users throughout Morocco, even if they reside outside the most affected areas.
The system will not be built on public blockchain, as it is considered unsafe, costly and energy-consuming.
Jouahri emphasized the pressing need to thoroughly examine CBDCs.
According to the firm, the decision is driven by a dedication to the continent and its plan to foster innovation in advanced technologies.