According to a study by TDRA, the UAE’s telecom regulator, about 11.4 percent of the country’s residents own or invest in cryptocurrencies.
Globally, the UAE now ranks among the top 10 countries with the most crypto investment residents.
Earlier, the UAE issued licenses to cryptocurrency exchanges such as Binance, FTX and OKX through regulators such as the Virtual Assets Regulatory Authority (VARA).
Furthermore, through the Abu Dhabi Global Market (ADGM), the country has been working to create a regulatory framework that meets global standards.