At present, the United Arab Emirates is leading the list of regions where the most of the people possess cryptocurrency. Above twenty-seven percent of the population of the country are known as crypto owners. This metric signifies the UAE’s intention to turn into the crypto capital around the globe by offering an adequate regulatory agenda for the market of crypto assets.
Crypto owners (% of population):— World of Statistics (@stats_feed) September 9, 2023
🇦🇪 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%
UAE Gets the Top Position Among the Regions Where Most People Own Crypto
As per a recent X post that the World of Statistics shared, above 1 in 4 UAE citizens possess crypto assets. After UAE, Vietnam as well and Singapore occupy the 2nd and the 3rd spots. In these regions, up to 20.54% as well as 13.93% population owns these assets respectively. The top ten countries in this respect also take into account the US, the Philippines, Thailand, and Ukraine. Vatican and Cuba come at the bottom points.
Additionally, Norway (with 1.13%), Denmark (with 1.16%), Finland (with 1.36%), along Saudi Arabia (with 1.60%) also fill the list. These regions present the minimized ownership of crypto assets. The United Arab Emirates has remained effective in becoming a prominent crypto hub in recent years.
Favorable Crypto Regulations and Regulators Present UAE as a Preferred Destination for Crypto Traders and Investors
Its hospitable business circle, friendly regulatory organization, and adequate crypto regulations have turned it into a crypto-related tourism destination. It attracts startups, investors, and traders alike. As per the Crypto Wealth Report, the current competitors of the United Arab Emirates are Singapore and Switzerland.
These regions are also struggling to achieve the 1st position in terms of cryptocurrency adoption. Henley & Partners (a platform that operates as a consultancy for investment migration) released the respective report earlier in September. The UAE is lower than the respective regions in the case of the adoption of infrastructure, economic factors, as well as regulatory environments.
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