🌍 𝗨𝗔𝗘 𝗛𝗼𝗹𝗱𝘀 $40 𝗕𝗶𝗹𝗹𝗶𝗼𝗻 𝗶𝗻 𝗕𝗶𝘁𝗰𝗼𝗶𝗻: 𝗔 𝗚𝗹𝗼𝗯𝗮𝗹 𝗖𝗿𝘆𝗽𝘁𝗼 𝗟𝗲𝗮𝗱𝗲𝗿 💰

The United Arab Emirates has cemented its position as a global crypto hub, now holding $40 billion in $BTC Bitcoin. Between mid-2023 and mid-2024, the nation recorded $34 billion in crypto transactions, with stablecoins dominating 51% of activity. This achievement stems from the UAE's progressive regulations, strategic initiatives like the Virtual Assets Regulatory Authority, and its ability to attract blockchain businesses globally.

Will the UAE’s crypto-friendly approach inspire other nations to follow?

Source: Cryptopolitan