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UAE’s Gen Z favours crypto investments, while gold retains its sheen with Emiratis, Asians
Crypto is king with Gen Zs in the UAE, with a new report indicating that young investors in the country have an appetite for digital currencies, even as traditional investments like gold retains its sheen for Asias and local Emiratis. According to findings of a new survey by the International Financial Group Ltd (IFGL), an advisory firm based in the Isle of Man, UAE residents between the ages of 18 and 24 years have been increasingly investing in cryptocurrencies as an ideal way to generate inflation-beating returns. The report found that one in ten UAE residents favoured digital currencies, with the greatest ... (full story)