# VARA Articoli collegati

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Why Has the UAE, Built on Oil, Become a New Hotspot for the Crypto Industry?

The UAE, traditionally known for its oil wealth, is rapidly emerging as a major global hub for the cryptocurrency industry. Despite recent market volatility, the country is actively hosting crypto conferences and attracting top institutions and professionals. A key driver is proactive regulatory development. The UAE incorporated crypto into its "2031 National Investment Strategy" and introduced a "Tokenization Regulatory Sandbox Guide" in 2025, establishing a coordinated federal and local regulatory framework. Dubai's Virtual Assets Regulatory Authority (VARA) has already licensed 36 companies, while Abu Dhabi's global market recognizes crypto as a regulated financial instrument. This regulatory clarity has drawn major players like OKX, which established a significant local presence. Substantial capital deployment from the oil-rich nation further fuels growth. A record $2 billion investment was made in Binance by Abu Dhabi's MGX. State investment vehicles, including Mubadala, have significantly increased their Bitcoin ETF holdings, collectively exceeding $1.5 billion. The UAE also offers powerful incentives: zero tax on crypto profits for individuals, up to 50 years of corporate tax exemption in free zones, and a coveted Golden Visa for top talent or those investing crypto profits. These policies led to a 300% surge in Dubai blockchain company registrations in 2025. A recent law granting the digital dirham the same legal status as physical cash is set to further integrate with and empower the crypto ecosystem, strengthening the Middle East's role in digital finance. The UAE is strategically leveraging crypto assets to transition into the digital economy.

marsbit12/18 00:06

Why Has the UAE, Built on Oil, Become a New Hotspot for the Crypto Industry?

marsbit12/18 00:06

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