According to Chase Ergen, a board member of DeFi Technologies, the UAE’s supportive regulations and a debt-free economy will position its crypto industry as the second-largest in the economy within five years. Ergen highlighted low crime and attractive tax policies as key advantages.
Sovereign wealth funds, including those from the UAE, are increasing their investment exposure to Bitcoin. This trend underscores the UAE’s growing influence in the crypto sector and its ambitions to become a leading hub for digital finance in the MENA region.
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