UAE Attracts $34 Billion Worth of Cryptocurrency Inflows in One Year
According to Chainalysis, investors transferred $34 billion in cryptocurrency to the UAE, which doesn't impose income tax, in the 12 months through June, an increase of nearly 42 percent from the same period last year, DL News reported.
Dubai, the largest city in the UAE, has an independent virtual asset regulator and has been the host of several global crypto conferences. Since 2021, more than 600 crypto companies have been registered in the Dubai Multi Commodities Center (DMCC) free zone.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Data: Address starting with 0xeA2 deposits 2.087 million USDC into HyperLiquid and opens a high-leverage position
Analyst: If BTC Falls Below Short-Term Holder Cost of $106,000, a Deeper Correction May Follow
BenFen Public Chain Enables Rapid RWA Issuance and One-Click On-Chain Integration of Multiple Physical Assets
Trending news
MoreCrypto prices
More
