In an unsurprising development, the UAE has emerged as the indisputable global capital of cryptocurrencies, with an impressive 27.67% of its population wholeheartedly embracing digital currencies. This remarkable achievement, unveiled 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 eager to explore the potential of digital currencies.

Dubai, alongside the rest of the GCC, has positioned itself as a thriving hub for innovation and technology. The regulators in this region have demonstrated a remarkable openness to understanding emerging technologies, including Bitcoin and blockchain. What sets the UAE apart from other countries is its nimble regulatory environment. While many nations struggle to establish crypto regulations, the UAE has been proactive and swift, readily accommodating the developments and trends in the crypto space.

This flexibility has created an appealing ecosystem for both crypto enthusiasts and businesses, nurturing a vibrant and flourishing crypto community.

While the UAE claims the top spot in terms of crypto ownership, other countries have also left their mark in the crypto world

Vietnam secured the second position with a notable 20.54% of its population involved in cryptocurrencies, followed by Singapore at 13.93%. Iran and the US round 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 unwavering support for innovation and focus on fostering a thriving fintech ecosystem lay a strong foundation for further advancements in the crypto space. As blockchain technology continues to mature, the UAE is likely to attract an even greater number of crypto enthusiasts, businesses, and investors, solidifying its position as a global leader in the crypto revolution.

With the UAE leading the way, the world eagerly watches as the crypto revolution unfolds in this dynamic and innovative nation.

In addition to this achievement, Dubai has also claimed the top spot in attracting Foreign Direct Investment (FDI) projects in cultural and creative industries, further establishing its prominence 💪🏼

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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