The cryptocurrency value received by the UAE was nearly $34.9 billion from July 2022 to June 2023, a recent report showed. According to figures from Chainalysis, the blockchain data platform, the majority (67 per cent) of cryptocurrency transactions in the UAE were for institutional investments (values over $1 million), followed by transfers for professional investments ($10,000 to $1million). Retail investments (up to $10,000) accounted for just 4.63 per cent of transfers in the country. The details were published in Chainalysis’ 2023 Geography of Crypto Report, focusing on the Middle East and North Africa. Across ... (full story)