{"id":15092,"date":"2025-08-16T21:30:44","date_gmt":"2025-08-16T19:30:44","guid":{"rendered":"https:\/\/wsj-crypto.com\/?p=15092"},"modified":"2025-08-16T21:30:44","modified_gmt":"2025-08-16T19:30:44","slug":"crypto-poised-to-emerge-as-uaes-second-largest-industry-insights-from-chase-ergen","status":"publish","type":"post","link":"https:\/\/wsj-crypto.com\/index.php\/2025\/08\/16\/crypto-poised-to-emerge-as-uaes-second-largest-industry-insights-from-chase-ergen\/","title":{"rendered":"Crypto Poised to Emerge as UAE&#8217;s Second Largest Industry: Insights from Chase Ergen"},"content":{"rendered":"<p><\/p>\n<div data-v-43e640e6=\"\">\n<p>The cryptocurrency realm in the United Arab Emirates (UAE) is poised to evolve into its second-largest sector within the next five years, thanks to the nation&#8217;s regulatory framework and appealing business landscape, as stated by Chase Ergen, a board member of publicly listed digital asset investment company DeFi Technologies.<\/p>\n<p>\u201cThey are known for their leadership, legislation, and community,\u201d Ergen shared with Cointelegraph during an interview. He also anticipated:<\/p>\n<blockquote data-ct-non-breakable=\"undefined\"><p>\u201cThey trade oil, that&#8217;s their primary industry. I believe their second-largest sector will be the blockchain domain in the coming five years. This will start to represent double-digit percentages of the economy.\u201d<\/p><\/blockquote>\n<p>The nation boasts a comprehensive crypto regulatory structure, a network of influential crypto industry leaders, a debt-free economy that enables the government to invest surplus in technology, low crime rates, <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/why-crypto-millionaires-are-moving-to-the-uae\" title=\"null\">favorable tax regulations<\/a>, and progressive governance, Ergen noted.<\/p>\n<p><iframe title=\"Is Dubai the Crypto Capital of the World? | Blockchain Economy Summit\" width=\"814\" height=\"458\" src=\"https:\/\/www.youtube.com\/embed\/TSONyXtwk98?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p>The UAE has established a competitive advantage that has rendered it the <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/uae-crypto-adoption-dirham-stablecoins-shariah-blockchain\" title=\"null\">uncontested center for crypto and technology<\/a> in the Middle East and Africa (MENA), amidst rising national-level adoption of cryptocurrencies and the competition among sovereign nations to emerge as frontrunners in the era of digital finance.<\/p>\n<p><em><strong>Related: <\/strong><\/em><a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/uae-sca-vara-crypto-regulatory-partnership\" title=\"null\"><em><strong>Dubai and UAE advance toward unified crypto frameworks through new partnership<\/strong><\/em><\/a><\/p>\n<h2>National cryptocurrency adoption escalates in 2025<\/h2>\n<p>The acceleration of national-level cryptocurrency adoption was notable in 2025, following the inauguration of President Donald Trump in the United States and the regulatory changes that ensued.<\/p>\n<p>The Trump administration unveiled its long-anticipated crypto <a data-ct-non-breakable=\"null\" href=\"https:\/\/www.whitehouse.gov\/wp-content\/uploads\/2025\/07\/Digital-Assets-Report-EO14178.pdf\" rel=\"noopener nofollow\" target=\"_blank\" title=\"null\">document<\/a> in July, <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/trump-admin-releases-promised-crypto-report\" title=\"null\">highlighting the administration\u2019s approach<\/a> to positioning the US as the global leader in cryptocurrency.<\/p>\n<p>The government of Pakistan <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/pakistan-moves-regulate-cryptocurrency-cbdc-legal-tender\" title=\"null\">rescinded its longstanding opposition to cryptocurrencies<\/a> in November 2024, just one day before the US presidential election.<\/p>\n<figure><figcaption style=\"text-align: center;\"><em>Pakistan\u2019s designated \u201ccrypto czar\u201d Bilal Bin Saqib unveils the nation\u2019s strategic Bitcoin reserve. Source: Cointelegraph<\/em><\/figcaption><\/figure>\n<p>Since that announcement, Pakistan has <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/pakistan-crypto-mininster-bitcoin-strategic-reserve\" title=\"null\">formed a national Bitcoin reserve<\/a> and <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/pakistan-crypto-council-adopt-digital-currencies\" title=\"null\">created a national crypto council<\/a> to devise an all-encompassing digital asset regulatory framework for the nation.<\/p>\n<p>Sovereign investment funds, such as the UAE\u2019s Mubadala and Norway\u2019s sovereign wealth fund, have <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/sovereign-wealth-funds-piling-btc-retail-exits-coinbase-exec\" title=\"null\">gained exposure to Bitcoin<\/a> (<a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/bitcoin-price\" title=\"null\">BTC<\/a>) through exchange-traded funds (ETFs) and various investment channels.<\/p>\n<p>Norway\u2019s sovereign wealth fund, recognized as the largest state-controlled investment fund globally, <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/norway-sovereign-wealth-fund-bitcoin-exposure\" title=\"null\">boosted its Bitcoin exposure<\/a> by 192% in the past year, per the findings of crypto research entity K33.<\/p>\n<p><em><strong>Magazine: <\/strong><\/em><a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/magazine\/saudi-arabia-riyadh-crypto-city-guide\/\" title=\"null\"><em><strong>Riyadh in Saudi Arabia could be crypto\u2019s hidden potential: Crypto City Guide<\/strong><\/em><\/a><\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\" label=\"Subscription Form: Markets Outlook\"\/><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/cointelegraph.com\/news\/crypto-become-uae-second-biggest-sector-5-years?utm_source=rss_feed&#038;utm_medium=rss_tag_regulation&#038;utm_campaign=rss_partner_inbound\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The cryptocurrency realm in the United Arab Emirates (UAE) is poised to evolve into its second-largest sector within the next five years, thanks to the nation&#8217;s regulatory framework and appealing business landscape, as stated by Chase Ergen, a board member of publicly listed digital asset investment company DeFi Technologies. \u201cThey are known for their leadership,<\/p>\n","protected":false},"author":3,"featured_media":15093,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[3327],"class_list":["post-15092","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy-and-markets","tag-return-a-list-of-comma-separated-tags-from-this-title-crypto-set-to-become-uaes-number-2-industry-chase-ergen"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.3 - 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