Too Long; Didn't Read
A UAE based blockchain startup, GCBIB, has managed to raise an incredible $143 million through its Initial Coin Offering which is akin to ~55% of funds raised by ICOs this month <strong>(</strong><a href="https://www.inwara.com/report/inwara-february-monthly-report-market-trends-2019" target="_blank"><strong>Source</strong></a><strong>)</strong>. At a time when leading crypto markets like the USA are down in the doldrums, will the middle east take a more benign stance towards crypto and blockchain and provide the next surge for growth? The adoption of the blockchain could radically revamp its economy by boosting its business sector which has increasingly become more rudimentary in the past few years.