United Arab Emirates Leads World in Crypto Ownership per Capita, Aiming to Be Global Crypto Capital

United Arab Emirates Leads World in Crypto Ownership per Capita, Aiming to Be Global Crypto Capital

Crypto News – The United Arab Emirates (UAE) has taken the lead in crypto ownership per capita, with an impressive 27% of its population identifying as crypto asset holders. This statistic underscores the UAE’s ambitious goal to establish itself as the epicenter of the global crypto industry by implementing a comprehensive regulatory framework.

According to a recent announcement by the World of Statistics on X (formerly known as Twitter), more than one in four individuals in the United Arab Emirates possesses cryptocurrency assets. Following closely are Vietnam and Singapore, where 20.54% and 13.93% of their populations, respectively, hold crypto assets.

The United States, the Philippines, Ukraine, and Thailand also secured positions in the top ten nations for crypto ownership. On the opposite end of the spectrum, Cuba and the Vatican reported a 0% crypto ownership rate among their populations. Meanwhile, countries such as Norway (1.13%), Denmark (1.16%), Finland (1.36%), and Saudi Arabia (1.60%) registered some of the lowest levels of crypto ownership.

Over the past few years, the United Arab Emirates has strategically positioned itself as a prominent crypto hub. Its welcoming business environment, well-designed crypto regulations, and a supportive regulatory agency have propelled it to become a preferred destination for crypto enthusiasts, traders, investors, and startups.

According to the recently released Crypto Wealth Report by Henley & Partners, an esteemed investment migration consultancy, the UAE is engaged in a tight competition with Singapore and Switzerland for the top spot in terms of crypto adoption. While the report acknowledges the UAE’s leading role in crypto ownership, it notes that it slightly lags behind its competitors in areas like crypto infrastructure development, regulatory maturity, and economic factors. Nevertheless, the report highlights the UAE’s appeal as a crypto destination, thanks in part to its favorable tax environment.