The crypto sector in the United Arab Emirates (UAE) is on the path to become the second largest industry over the next five years, due to country regulatory policies and attractive business environment, according to Chase Ergen, a member of the public board who has been exchanged by the digital asset investment firm Defi Technologies.
“They have a reputation for leadership, law, and community,” Ergen told cointelegraph in an interview. He also guessed:
“They sell oil, that’s their main business. I think their second largest business will be the blockchain industry over the next five years. It will start to be a double part of the economy.”
The country has a clear framework of crypto regulation, a community of major crypto industry executives, a debt -free economy that allows the government to overpower tech investments, low crime, attractive -attractive tax policiesand leadership of the forward thinking, Ergen added.
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UAE has created a moat that makes it the Undoubtedly hub for crypto and tech In the Middle East and Africa (Mena) amid the growing country-state crypto adoption and the race between the sovereignty power to become global leader at the digital financial age.
Related: Dubai and UAE have moved to align crypto frameworks under new collaboration
Country-state crypto adoption covers 2025
The adoption of the country’s crypto was accelerated in 2025, following President Donald Trump’s inauguration in the United States and the regulation to comply.
The Trump White House has released its long promised Crypto Report In July, outlines the administration’s plan To make the US the global leader in crypto.
Pakistan government reversed its prolonged opposition to cryptocurrencies In November 2024, one day before the US presidency election.
Because at that time, Pakistan had established a national bitcoin reserve and Assigned a national crypto council To create a comprehensive framework of digital ownership regulation.
The Fund of the Sovereign Wealth, including the Sovereign UAE and Norway’s Sovereign, have, have exposure to bitcoin (Btc) by funds exchanged by exchange (ETF) and other investment vehicles.
Norway’s highest wealth funds, the largest investment fund taught by the state of its kind in the world, increased bitcoin exposure to its By 192% in the last year, according to the crypto research firm K33.
Magazine: Riyadh of Saudi Arabia can be a giant sleeping crypto: Crypto City Guide
