Regulatory bodies in the Middle East and Africa are cracking down on wash trading.

From Nasdaq

June 24, 2025 3:41 PM:

Regulatory bodies in the Middle East and Africa are cracking down on wash trading in crypto markets. This deceptive practice involves traders creating false market volume by buying and selling the same asset. New regulations are being implemented to increase transparency and investor confidence in the region’s crypto markets, promoting stability.

Read more at Nasdaq: Enhanced Transparency in Trade Surveillance: How the Middle East and Africa Are Confronting Wash Trading in Crypto Markets