26 Jun '14, 11am

Middle East Investment Bank: Bitcoin Could Ignite Regional E-Commerce

Middle East Investment Bank: Bitcoin Could Ignite Regional E-Commerce

Kuwait-based investment banking and asset management firm Kuwait Financial Centre, also known as Markaz, has published a new report on bitcoin in which it heralds digital currency as a disruptive technology that could help ignite the region’s e-commerce industry. Entitled ‘Disruptive Technology: Bitcoins, Currency Reinvented?’, the 20-page report provides a broad introduction to bitcoin, while highlighting the opportunity it presents to investors in the Gulf Cooperation Council (GCC) and its member countries Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates (UAE). Markaz examines bitcoin’s strengths and weaknesses, the differing stances of global regulators and the details of the Mt. Gox collapse, but its overall takeaway is encouraging for both the Middle East’s local bitcoin operators and for the wider digital currency industry. The report concludes...

Full article: http://www.coindesk.com/middle-east-investment-bank-bitco...

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