The UAE crypto sector is on track to become the second largest industry in the next five years due to its national regulatory policies and an attractive business environment.
“They have a leadership, legislative and community reputation,” Ergen told Cointregraph in an interview. He also predicted:
“They sell oil. That's their main business. I think their second biggest business will be the blockchain industry in the next five years. This will start to become a double digit part of the economy.”
The country has a clear cryptographic regulatory framework, a community of key crypto industry executives, and a debt-free economy that allows governments to focus their surplus on technology investment, low crime, attractive tax policies and advanced leadership.
https://www.youtube.com/watch?v=tsonyxtwk98
The United Arab Emirates has created a moat that has become an uncontroversial hub of crypto and technology in the Middle East and Africa (MENA) amid a competition between the growth of crypto nation-state adoption and the ability to become a global leader in the digital financial era.
Related: Dubai and the UAE will move to coordinate crypto frameworks under new partnerships
Nation-state Crypto adoption will increase in 2025
National-state crypto adoption accelerated in 2025, following the inauguration of President Donald Trump in the United States and subsequent changes in regulations.
The Trump White House published a long-standing crypto report in July, outlining the administration's plans to make the United States the world leader in crypto.
The Pakistani government overturned long-standing opposition to cryptocurrency in November 2024, a day before the US presidential election.
Pakistan's “Crypto Czar” Bilal Bin Saqib announces the country's strategic Bitcoin reserve. Source: Cointelegraph
Since then, Pakistan has established the National Bitcoin Reserve and appointed the National Cryptocoin Council to create a comprehensive digital asset regulation framework within the country.
Sovereign wealth funds, including the UAE Mubadara and Norwegian sovereign funds, are exposed to Bitcoin (BTC) through funds (ETFs) and other investment vehicles traded on exchanges.
Norwegian Sovereign Wealth Fund, the world's largest state-led investment fund, increased its Bitcoin exposure by 192% last year, according to Crypto research firm K33.
magazine: Saudi Arabia's Riyadh could be a cryptic sleeping giant: Crypto City Guide
