Imagine, if you will, a place where the sand glitters like gold and the skyscrapers kiss the clouds. In this magical land called the United Arab Emirates (UAE), there’s a new sheriff in town, and it’s not just the oil anymore. Oh no, my dear reader, it’s the wondrous world of crypto! According to the illustrious Chase Ergen, a board member of the digital asset investment firm DeFi Technologies, the crypto sector is set to become the UAE’s second-largest industry in the next five years. Why? Because the UAE has a regulatory policy so smart, it could outwit a room full of geniuses, and a business environment so inviting, it’s like a warm hug from your favorite teddy bear.
“They have a reputation for leadership, legislation, and community,” Ergen told CryptoMoon in an interview, his eyes twinkling with the excitement of a child on Christmas morning. And he didn’t stop there, oh no:
“They sell oil, that’s their main business. I think their second-biggest business is going to be the blockchain industry in the next five years. This will start to be double-digit parts of the economy.”
But how did they do it? Well, my friends, the UAE has a clear crypto regulatory framework, a community of key crypto industry executives who are more influential than the paparazzi at a Hollywood premiere, a debt-free economy that allows the government to funnel surplus into tech investments like a miser with a piggy bank, low crime rates that would make a detective cry with joy, attractive tax policies that make you want to break out the champagne, and forward-thinking leadership that could outsmart a room full of chess grandmasters.
The UAE has created a moat so wide and deep, it makes the castle of Cinderella look like a kiddie pool. This moat has made the UAE the undisputed hub for crypto and tech in the Middle East and Africa (MENA), a region where the race to become the global leader in the digital finance age is hotter than a summer’s day in Dubai.
Nation-state crypto adoption ramps up in 2025
In 2025, the world saw a surge in nation-state crypto adoption, a bit like a sudden rush to the candy store when the bell rings. It all started with the inauguration of President Donald Trump in the United States, which led to a regulatory shift that was as dramatic as a plot twist in a Roald Dahl story.
The Trump White House released its long-promised crypto report in July, outlining the administration’s plan to make the US the global leader in crypto. It was as if they were saying, “We’re not just playing with toy cars; we’re building a Ferrari!”
Meanwhile, across the ocean, Pakistan’s government reversed its long-held opposition to cryptocurrencies in November 2024, one day before the US presidential election. It was like a sudden change of heart, as if they had been struck by a bolt of lightning. Since then, Pakistan has established a national Bitcoin reserve and appointed a national crypto council to craft a comprehensive digital asset regulatory framework within the country. It’s like they’ve decided to join the party and bring a cake!
And let’s not forget the big players like the UAE’s Mubadala and Norway’s sovereign fund, who have exposure to Bitcoin (BTC) through exchange-traded funds (ETFs) and other investment vehicles. Norway’s sovereign wealth fund, the largest state-directed investment fund of its kind in the world, increased its Bitcoin exposure by 192% over the last year, according to crypto research firm K33. It’s like they’re betting on the future, and the future is looking brighter than ever!
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2025-08-16 21:17