Crypto Set to Become UAE’s Number 2 Industry: Chase Ergen
The crypto sector in the United Arab Emirates (UAE) is on track to become its second-largest industry in the next five years, due to the country’s regulatory policies and attractive business environment, according to Chase Ergen, a board member of publicly traded digital asset investment firm DeFi Technologies.
“They have a reputation for leadership, legislation, and community,” Ergen told Cointelegraph in an interview. He also predicted:
“They sell oil, that’s their main business. I think their second-biggest business is going to be the blockchain industry in the next five years. This will start to be double-digit parts of the economy.”
The country has a clear crypto regulatory framework, a community of key crypto industry…
