The UAE Crypto Assets industry may become the second largest pillar, with a projected rise of double digits within five years.

According to reports, Chase Ergen, a board member of the listed digital asset investment company DeFi Technologies, stated that thanks to the regulatory policies and attractive business environment in the UAE, the crypto assets industry is expected to become the second largest industry in the UAE within the next five years.

Ergen stated during an interview: "The UAE is renowned for its leadership, legislation, and community building." He also predicted: "They sell oil, which is their main business. I believe that in the next five years, their second largest business will be the blockchain industry. This will start to become a part of the economy that experiences double-digit growth." The UAE has a clear Crypto Assets regulatory framework, a community composed of key executives from the Crypto Assets industry, a debt-free economy that allows the government to invest surpluses in technology, low crime rates, favorable tax policies, and forward-looking leadership.