UAE Aims to Make Crypto Second-Largest Economic Sector in 5 Years
The United Arab Emirates is on track to make cryptocurrency its second-largest economic sector within the next five years, according to Chase Ergen, board member at DeFi Technologies. Ergen emphasized the nation’s favorable regulatory environment, business-friendly policies, and leadership vision as key factors driving this transformation. While oil will continue to be the UAE’s primary economic pillar, Ergen forecasts that blockchain technology could soon account for double-digit percentages of the country’s GDP [1].
The UAE’s emergence as a digital asset hub is attributed to its clear regulatory framework, attractive tax policies, low crime rates, and government-led investments in technology. These factors have helped create a…
