Overseas media have dismissed rumors that the United Arab Emirates (UAE) purchased $40 billion worth of Bitcoin (BTC) as "ridiculous." According to Bitcoin Archive, an account specializing in Bitcoin news and analysis, the news originated from an anonymous source and lacks any credible evidence. Despite its implausibility, the rumor gained traction on several cryptocurrency websites and was even shared by Binance founder Zhao Changpeng. Earlier, the community had speculated that the UAE held $40 billion worth of BTC, but these claims have been debunked. Industry experts have emphasized the importance of verifying information before spreading it to avoid misinformation. The UAE has not made any official statements regarding the alleged purchase.

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