The United Arab Emirates (UAE) is poised to become its second-largest industry in the coming five years, with crypto’s growing significance attributed to the country’s favorable regulatory environment and robust business climate. Chase Ergen, a board member of DeFi Technologies, highlighted this potential, predicting that blockchain innovation could contribute double-digit percentages to the nation’s economy. Ergen attributes this growth to factors such as the UAE’s reputation for leadership in legislation and community building, a debt-free economy for government investment opportunities, low crime rates, attractive tax policies, and forward-thinking leadership.