2026-01-05 05:24:19

A certain Middle Eastern country's crypto ecosystem is evolving into a stage for multi-party competition. High inflation, foreign exchange controls, sanctions—these factors have led both ordinary people and institutions to turn to digital assets, and the government's attitude is quietly shifting.

In terms of market size, approximately 15 to 19 million people participate in crypto trading, accounting for nearly 20% of the total population. This figure far exceeds that of many developed countries. There are over 90 domestic exchanges, with the largest platform having 6 million users, handling 87% of the country's trading volume, with an annual trading count of 68 million. This is no small matter—it's a real financial demand.

Why are so many people rushing in? The local currency continues to depreciate, with inflation rates once approaching 50%, and the traditional banking system is restricted by sanctions. Cryptocurrencies have become a hedging tool and a channel to bypass financial blockades. Local businesses buy Bitcoin through exchanges, convert it into stablecoins or other fiat currencies, and complete international payments—the entire chain operates on the blockchain, rendering the banking system virtually useless.

But good days won't last forever. The government has realized that capital is quietly flowing out, and financial sovereignty is being eroded. Attitudes are beginning to change. In December 2024, crypto mining machine advertisements were banned, and in February 2025, this was expanded to all cryptocurrency advertising. Even more harshly, a central API interface was introduced, forcing all exchanges to connect, attempting to directly monitor every transaction.

This game is still ongoing. On one side is the public's desire for financial freedom; on the other is the government's desire to control the economy's lifeblood. Cryptocurrency here has long been more than an investment asset; it is a barometer of real political and economic conditions.

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FarmHopper

· 01-08 01:20

This is the real use case, not just speculating on coins. --- Basically, we're forced onto the boat; without crypto, life would be even harder. --- Haha, the central API move is ruthless, but people will always find ways to bypass it. --- 20% participation rate... that number is truly incredible, far surpassing the US. --- Stablecoins are a lifesaver. What does 50% inflation mean? Money in hand depreciates to paper. --- Banning ads is useless; demand is still there, underground markets continue to operate. --- This is a real-life game theory scenario: one side wants to run, the other wants to catch. --- Looking at this trend, the government is also panicking, indicating that crypto threats are very real. --- 68 million transactions... the banking system is truly rendered useless. --- Eroding financial sovereignty? That's funny. When the local currency becomes worthless, what sovereignty is there to speak of?

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BridgeTrustFund

· 01-07 11:00

This is the real financial war. It’s clear that crypto is no longer just about trading coins. The government definitely can't sit still. The Central API move is a direct blow to the root, but what can ordinary people do when they are pushed to the brink? 20% of the population is an astonishing figure. What does this indicate? It shows that traditional finance has truly lost trust.

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SigmaBrain

· 01-06 13:28

50% inflation rate? Bro, this isn't financial demand, it's financial despair. The government bans ads with one hand and implements APIs with the other, really thinking that users can't see through. That exchange with 6 million users will inevitably be forced to integrate, counting down the days of freedom. Just thinking about it gives me chills; once centralized APIs are in place, there's no way out. This is the real purpose of crypto—it's not about Web3 dreams, it's about escaping for life.

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TestnetScholar

· 01-05 05:53

This is the reality. The harsher the financial regulation, the more people turn to crypto. In the end, no one can stop it. The government's old tricks are useless against Bitcoin; API monitoring can't stop those who truly want to run. It's outrageous that 20% of the population is involved, indicating that the situation is already irreversible. With 50% inflation, who still trusts fiat currency? If it were me, I’d go all in on stablecoins. People's demand for financial freedom is stronger than any policy, and this is the true meaning of Web3. Increasing sanctions are actually accelerating the adoption of decentralized finance, which is a bit ironic. 68 million transactions—this scale is comparable to an entire small country's financial system. 90 domestic exchanges, with such fierce competition, there’s still demand, proving it’s a real necessity. The central API move seems like shooting oneself in the foot; the more regulation, the higher Bitcoin prices will go. The idea that financial sovereignty is being eroded is interesting; it’s actually a awakening of people's sovereignty. It’s no longer an investment asset; the crypto here has already become a survival tool.

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TestnetNomad

· 01-05 05:44

The government wants to tighten control, while the people want to break through. This is the reality. Really, once the central API interface is launched, the game will change. 20% of the population participating... what does this data indicate? Survival pressure. Banning advertisements is just the appetizer; there are more aggressive moves coming. The circulation of stablecoins is rising sharply; restrictions are inevitable. This guy said it well, it's not just an investment asset, but a lifeline. Inflation is nearly 50%; even you would turn to crypto. Once the government takes action, exchanges must comply, and resistance is impossible. 68 million transactions... what does this mean? People's trust has already shifted. Capital outflow > financial sovereignty, the winner is obvious.

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GateUser-c802f0e8

· 01-05 05:35

It seems the government is starting to panic, and that's the most interesting part. --- 20% of the population involved? How desperate must those numbers be to force that out? --- As expected, the biggest enemies of the crypto world are still governments. Once they get serious, it's never good news. --- Central API is a ruthless move; the next step in monitoring transactions is freezing accounts. Those who should have run early already did. --- 50% inflation? You want me to still use fiat currency? That's a joke. --- Turning from a hedging tool into a political bargaining chip, this Middle Eastern country's script is really well written. --- Interesting. When banks become useless, cryptocurrencies truly find their place. --- Wait, 68 million transactions per year? Is this real financial demand or are big players transferring assets? --- Government bans ads, connects APIs... It's all about wanting control over the financial lifeblood, but it's already too late. --- In short, this is where financial suppression is most evident, revealing the true demand in the crypto space.

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BearMarketGardener

· 01-05 05:34

Damn, this is the real crypto battlefield, not those small investors shouting about wealth every day. --- 20% of the population participating? It's taking off directly; this scale is no longer a joke. --- Inflation at 50% and still relying on fiat currency? Are you brainless? No wonder everyone is rushing into the crypto space. --- The government's API monitoring is truly brilliant. It will be cracked sooner or later; the magic is always greater than the magician. --- The local currency has depreciated to junk status, and trying to get a stablecoin still gets you scolded. The dragon slayer has become the evil dragon. --- 600 million users on one platform? That’s true adoption, much more solid than those fake Western data. --- Banning mining machine ads and moving to a complete ban on crypto shows how scared the authorities are. --- Capital outflows have been caught red-handed; now the central bank has a reason to strike. The game is far from over. --- 68 million transactions per year... How inefficient is this country's banking system? Haha. --- Financial freedom vs. financial sovereignty, forever opposition. Crypto is the weapon in this war.

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MerkleTreeHugger

· 01-05 05:30

20% of the population entering... This is not a bubble, it's survival --- Inflation at 50%, still relying on banks? Ha, reality is forcing people to choose --- Once the central API is released, the game rules will change again --- This is the true battlefield for crypto, not speculative hype --- Let's wait and see, the tug-of-war between the government and the public has just begun --- 87% of transaction traffic is concentrated on one platform, who dares to take that risk --- Ban advertising and mining machines... next step, ban trading directly? --- When the RMB depreciates, you'll understand what financial freedom really means --- 68 million transactions per year, they simply can't block them all --- Circumventing sanctions is best handled by blockchain

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