UAE's Crypto Boom: A New Economic Powerhouse?

United Arab EmiratesSun Aug 17 2025
The United Arab Emirates (UAE) is making big waves in the crypto world. Experts say it could soon become the country's second-largest industry. Why? Because the UAE has created a welcoming environment for crypto businesses. It has clear rules, a strong community of crypto leaders, and a government that invests in new technology. Plus, the country is known for its safety, low taxes, and smart leadership. But the UAE isn't the only one jumping on the crypto bandwagon. Other countries are also embracing digital currencies. In 2025, the U. S. under President Trump released a plan to lead the world in crypto. Around the same time, Pakistan, which had previously been against crypto, made a big change. It created a national Bitcoin reserve and set up a council to regulate digital assets. Even big investment funds are getting involved. The UAE's Mubadala and Norway's sovereign wealth fund have invested in Bitcoin through various means. In fact, Norway's fund increased its Bitcoin holdings by a huge 192% in just one year. All of this shows that crypto is becoming a major player in the global economy. The UAE is leading the way in the Middle East and Africa, but other countries are quickly catching up. It's an exciting time for digital finance, and the UAE is right at the center of it all.
https://localnews.ai/article/uaes-crypto-boom-a-new-economic-powerhouse-e5484f0

questions

    How does the UAE's crypto industry compare to other major industries in terms of economic contribution?
    What role do sovereign wealth funds play in the growth of the crypto sector in the UAE?
    How does the UAE's current economic structure support the claim that crypto will become its second-largest industry?

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