The UAE Has the Highest Rate of Cryptocurrency Ownership
What we’re showing
This graphic shows the top 15 countries by cryptocurrency ownership rate (% of population who own crypto). These figures come from Triple-A, a crypto payment gateway.
UAE at the top
The United Arab Emirates (UAE) boasts the highest cryptocurrency adoption rate worldwide.
“In the UAE, the Financial Services Regulatory Authority (FSRA-ADGM) was the first to provide rules and regulations regarding cryptocurrency purchasing and selling. The Emirates are generally very open to new technologies and have proposed zero taxes for crypto owners and businesses.”
- Henley & Partners Crypto Wealth Report 2023
Vietnam leads Southeast Asia
According to the Crypto Council for Innovation, crypto holdings in Vietnam are untaxed, making them an attractive asset.
The country also has a large unbanked population (people without access to financial services). Cryptocurrencies may provide an alternative means of accessing these services without relying on traditional banks.