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Progressive Regulation and Zero Tax Policy Drive UAE’s $34 Billion Crypto Boom
According to a new report from Mining Grid, UAE crypto adoption has skyrocketed, with $34 billion coming in. This growth shows that the country is becoming a global leader in cryptocurrency, driven by high daily trading and strong institutional involvement. According to a new report by a leading provider of blockchain and Bitcoin solutions, Mining Grid – the UAE received $34 billion (AED124B) in crypto inflows between July 2023 and June 2024, recording a 42% YoY growth rate. This surge places the UAE as a key player in the global crypto ecosystem, with over 500,000 daily crypto traders now active in the country. ... (full story)
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