😎 The United Arab Emirates (UAE) holds $40 billion in Bitcoin, asserting its pioneering position in the global cryptocurrency sector. This milestone was highlighted by Changpeng “CZ” Zhao on X.

From July 2023 to June 2024, the UAE processed $34 billion in cryptocurrency transactions, a 42% increase from the previous year, with Bitcoin accounting for 19%. Progressive legal policies along with initiatives such as the DMCC Crypto Centre have turned Dubai into a leading blockchain hub.

DeFi activity in the UAE increased by 74%, while institutional investment in Bitcoin surged. By 2025, the number of cryptocurrency users in the UAE is expected to reach 3.78 million, reinforcing the country’s leading position in the digital economy. #CZ #UAE #tiendientu