The UAE has attracted $34 billion in cryptocurrency inflows over the past year

CoinVoice has recently learned that, according to DL News, data from Chainalysis shows that as of June, investors transferred $34 billion in cryptocurrency to the UAE, which does not impose income tax, in the past 12 months, an increase of nearly 42% compared to the same period last year.

Dubai is the largest city in the UAE, with an independent regulatory authority for virtual assets, and has become the host of several global cryptocurrency conferences. Since 2021, more than 600 cryptocurrency companies have registered in the Dubai Multi Commodities Centre (DMCC) free zone. [Original link]