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    Will UAE be the largest state holder of Bitcoin by end of 2025?

    3
    Resolution / Starting Odds

    Yes • 50%

    No • 50%

    Reports from reputable financial analysis firms or cryptocurrency market analysts

    Story

    UAE Acquires 300,000 Bitcoin, Total Holdings Reach $40 Billion Amid 2024 Regulations

    UAE Acquires 300,000 Bitcoin, Total Holdings Reach $40 Billion Amid 2024 Regulations

    Dec 21, 2024, 05:41 PM

    The United Arab Emirates (UAE) has made a notable investment in the cryptocurrency market, acquiring 300,000 Bitcoin, which contributes to its total Bitcoin holdings reaching $40 billion. This strategic move is supported by sovereign wealth funds and private institutions, positioning the UAE as a significant player in the global crypto landscape. Recent regulatory changes in 2024, including stablecoin regulations, tax exemptions, and tighter marketing rules, have further solidified the UAE's status as a crypto powerhouse, attracting investments and enhancing its legal framework for digital currencies.

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