In some not-so-surprising news, the UAE has emerged as the undisputed crypto capital of the world, with an impressive 27.67% of its population embracing cryptocurrencies. This remarkable achievement as revealed by the World of Statistics, can be attributed to the UAE’s forward-thinking regulators, early adoption of crypto-friendly laws, and a tech-savvy population that is eager to explore the potential of digital currencies.

Dubai, along with the rest of GCC has positioned itself as a hub for innovation and tech. The regulators in the region have displayed a remarkable openness to understanding emerging technologies, including Bitcoin and blockchain. One of the key factors that set the UAE apart from other countries is its agile regulatory environment. Unlike many nations grappling with crypto regulations, the UAE has been proactive and quick, swiftly accommodating the developments and trends in the crypto space.

This flexibility has created an attractive ecosystem for crypto enthusiasts and businesses alike, fostering a vibrant and flourishing crypto community.

While the UAE claimed the top spot in terms of crypto ownership, other countries also made their mark in the crypto world

Vietnam secured the second position with a significant 20.54% of its population involved in cryptocurrencies, followed by Singapore at 13.93%. Iran and the US rounded up the top five with 13.46% and 13.22% respectively.

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1. 🇦🇪 United Arab Emirates: 27.67%
2. 🇻🇳 Vietnam: 20.54%
3. 🇸🇬 Singapore: 13.93%
4. 🇮🇷 Iran 13.46%
5. 🇺🇸 United States: 13.22%
6. 🇵🇭 Philippines: 13.02%
7. 🇺🇦 Ukraine: 10.31%
8. 🇻🇪 Venezuela: 10.28%
9. 🇿🇦 South Africa: 10%
10. 🇹🇭 Thailand: 9.32%
11. 🇮🇳 India: 7.23%
12. 🇧🇷 Brazil: 6.98%
13. 🇵🇰 Pakistan: 6.40%
14. 🇫🇷 France: 5.90%
15. 🇷🇺 Russia: 5.87%

Crypto owners (% of population):

🇦🇪 United Arab Emirates: 27.67%
🇻🇳 Vietnam: 20.54%
🇸🇬 Singapore: 13.93%
🇮🇷 Iran 13.46%
🇺🇸 United States: 13.22%
🇵🇭 Philippines: 13.02%
🇺🇦 Ukraine: 10.31%
🇻🇪 Venezuela: 10.28%
🇿🇦 South Africa: 10%
🇹🇭 Thailand: 9.32%
🇮🇳 India: 7.23%
🇧🇷 Brazil:…

— World of Statistics (@stats_feed) June 9, 2023

With its dominant position in the crypto world, the UAE is poised to play a pivotal role in shaping the future of digital currencies

The government’s continued support for innovation and its focus on fostering a thriving fintech ecosystem provides a strong foundation for further advancements in the crypto space. As blockchain technology continues to mature, the UAE is likely to attract even more crypto enthusiasts, businesses, and investors, solidifying its position as a global leader in the crypto revolution.

With the UAE at the forefront, the world is eagerly watching as the crypto revolution unfolds in this dynamic and innovative nation.

Along with this feat, Dubai has also ranked #1 in attracting Foreign Direct Investment (FDI) projects in cultural & creative industries💪🏼

Dubai ranks 1st globally in attracting Foreign Direct Investment (FDI) projects in cultural & creative industries. This accomplishment exemplifies the remarkable strides made by Dubai’s cultural & creative industries (1/2) pic.twitter.com/TMYazgWd5R

— Latifa MR Al Maktoum (@LatifaMRM) June 11, 2023

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