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GCC countries are embracing decentralised finance (DeFi) and are working to attract cryptocurrency companies to the region. The Abu Dhabi Global Market (ADGM) and the UAE’s Securities and Commodities Authority have proposed legislative frameworks for distributed ledger technology and mandatory licensing regimes for crypto services respectively. Cryptocurrencies and decentralised exchanges offer users in emerging markets the ability to limit exposure to macroeconomic pressures and ease transaction flows. DeFi offers advantages such as lower fees, enhanced transparency and security, and seamless transactions.