Latest news with #MiningGrid
Mid East Info
19 hours ago
- Business
- Mid East Info
Progressive Regulation and Zero Tax Policy Drive UAE's $34 Billion Crypto Boom - Middle East Business News and Information
The Middle East has officially transitioned from crypto-curious to crypto-committed, with the UAE leading a generational financial shift; positioning the region as a major digital asset powerhouse. According to a new report by a leading provider of blockchain and Bitcoin solutions, Mining Grid – the UAE received $34 billion (AED124B) in crypto inflows between July 2023 and June 2024, recording a 42% YoY growth rate. This surge places the UAE as a key player in the global crypto ecosystem, with over 500,000 daily crypto traders now active in the country. The Middle East attracted $338.7 billion in crypto inflows during the same period, marking an 11.73% YoY increase and securing its position as the 7th largest crypto market globally. Over 93% of that volume came from institutional-sized transfers, highlighting a maturing market driven by long-term strategies rather than speculation. Youth adoption has become a defining characteristic of the UAE's crypto landscape. With over 74% of young adults aged 25-34 showing active interest in cryptocurrency, and 21% planning to trade crypto within the next 12 months, the country leads regional participation in youth-driven digital finance. Social platforms including TikTok, WhatsApp, and YouTube have become primary discovery channels for this demographic, fostering a socially connected generation pursuing financial independence through digital assets. Growth brings challenges, with nearly half of young crypto users concerned about misinformation – opening the door for trusted platforms to lead in education and responsible adoption. Solaiman AlRifai, Founder & Board member, Mining Grid said, 'The UAE's clear regulations and zero capital gains tax have created the perfect environment for crypto growth. With an engaged and forward-looking population, it's no surprise the country is now seen as the crypto capital of the Arab world.' Regional neighbours are following suit with their own approaches. Saudi Arabia recorded remarkable 153% growth and leads GCC countries in youth crypto adoption rates. Oman has taken a sustainability-focused path, investing over $1.1 billion in green mining infrastructure to position itself as a hub for environmentally conscious crypto mining operations. Rami Alsridi, Founder and CEO, Mining Grid said, 'The UAE has created the ideal environment where curiosity meets clarity. We're seeing a new generation that doesn't just want to invest in crypto but wants to understand it, build with it, and lead its next chapter. We're also witnessing a surge in Bitcoin mining, driven by demand for decentralization, transparency, and energy-conscious innovation.' Bitcoin maintains market dominance while Ethereum's ecosystem resilience keeps digital assets in the spotlight. Stablecoins have become a cornerstone of regional value transfer, now comprising 66% of all on-chain transactions. The tokenization of real-world assets, including real estate and bonds, is driving new waves of institutional interest across the region. Mining Grid, which serves over 60,000 users globally with a physical presence in the UAE, has played a pivotal role in accelerating regional crypto adoption through accessible and energy-efficient mining solutions. The company's approach addresses traditional concerns about Bitcoin mining's energy demands by reimagining it as an infrastructure opportunity aligned with regional sustainability goals. Looking toward 2026, analysts from Mining Grid project that youth-led crypto accounts will become the largest new onboarding segment in the region by Q4 2025 and Gulf countries are expected to continue exploring sustainable crypto mining practices. The report anticipates continued growth in mobile-first, gamified crypto platforms, increased institutional participation in tokenised assets, and accelerated adoption of clean-energy-backed mining models across the Middle East. -end- Note to the editor : This report uses data from verified analytics platforms, official regulatory sources, and proprietary insights from Mining Grid's user base. Full report, view here. About Mining Grid: Mining Grid is a leading provider of sustainable blockchain solutions, committed to revolutionising the global mining industry. With a focus on eco-friendly transparent practices and cutting-edge technology, Mining Grid empowers users in the MENA region to participate in the future of blockchain with confidence and responsibility. For more information, please visit For media inquiries, please contact: Sharon Fernandes sharon@ | 050 1916232
Al Etihad
a day ago
- Business
- Al Etihad
UAE sees $34 billion crypto surge as clear regulations, zero-tax policies attract investors: Report
8 July 2025 00:30 Khaled Al Khawaldeh (Abu Dhabi) The UAE has pulled in $34 billion in crypto inflows between July 2023 and June 2024, representing a 42% year-on-year growth and positioning the Emirates among the world's leading markets for digital currencies, according to a new report by blockchain solutions provider Mining Grid. The report, titled 'The Middle East Cryptocurrency Landscape 2025', highlights how the country's forward-thinking approach to regulation, combined with its zero-tax environment for digital asset transactions, has unlocked unprecedented growth. 'The UAE's clear regulations and zero capital gains tax have created the perfect environment for crypto growth,' said Solaiman AlRifai, Founder and Board Member of Mining Grid.'With an engaged and forward-looking population, it's no surprise the country is now seen as the crypto capital of the Arab world.'Mining Grid's data shows that over 93% of the region's total crypto inflows – amounting to $338.7 billion across the Middle East during the same period – came from large, institutional-sized transfers. It says that this signals that regional markets are increasingly focused on long-term strategies rather than speculative, high-risk the Middle East now ranks as the seventh-largest crypto market, and the UAE's contribution has been pivotal in this growth. The reports analysts point to the country's clear legal frameworks, sophisticated financial infrastructure, and Web3 adoption as central factors in attracting both retail investors and major youth's interest in the market was identified as a key driver of the UAE's crypto boom. The Mining Grid report found that over 74% of Emiratis and expatriates aged 25-34 have shown active interest in media platforms were said to be central to this youth movement with the convergence of viral video trends, instant messaging communities, and on-demand crypto education empowering a new generation to enter the digital asset space with unprecedented this rapid growth come important challenges. Nearly half of young crypto users surveyed have expressed concerns about misinformation spreading across social media channels. The report warns that misleading claims or poorly understood advice can expose inexperienced investors to scams or unsustainable strategies. This presents a critical opportunity for trusted platforms, licensed exchanges, and educators to establish themselves as reliable sources of knowledge, fostering responsible engagement is also deepening. Mining Grid's data suggests that a rising number of UAE-based family offices and investment firms are now incorporating crypto allocations into their portfolios, reflecting growing confidence in the market's stability. This institutional participation has helped shift perceptions of cryptocurrencies in the Emirates from speculative instruments to viable components of diversified investment UAE's success is closely tied to its commitment to building a comprehensive crypto ecosystem. Recent regulatory milestones include frameworks set by the Dubai Virtual Assets Regulatory Authority (VARA) and Abu Dhabi Global Market's Financial Services Regulatory Authority (FSRA), which have both established robust guidelines for licensing exchanges, digital asset custodians, and token issuers. 'The UAE has created the ideal environment where curiosity meets clarity. We're seeing a new generation that doesn't just want to invest in crypto but wants to understand it, build with it, and lead its next chapter,' said Rami Alsridi, Founder and CEO of Mining Grid.
Arabian Business
a day ago
- Business
- Arabian Business
UAE sees $34bn crypto surge as Middle East becomes digital asset hub; experts forecast market
The Middle East is no longer just crypto-curious — it's crypto-committed. With the UAE at the forefront, the region is now cementing its position as a global digital asset powerhouse, according to a new report by blockchain solutions firm Mining Grid. Between July 2023 and June 2024, the UAE attracted $34bn (AED124bn) in crypto inflows — a 42 per cent year-on-year surge — fuelled by strong institutional participation and a booming retail market, according to Mining Grid. The wider Middle East saw $338.7bn in crypto inflows during the same period, marking an 11.73 per cent increase and positioning the region as the seventh-largest crypto market in the world. Cryptocurrency in the UAE More than 500,000 daily crypto traders are now active in the UAE, as regulatory clarity, zero capital gains tax, and a tech-savvy youth drive explosive growth. Solaiman AlRifai, Founder and Board member, Mining Grid said: 'The UAE's clear regulations and zero capital gains tax have created the perfect environment for crypto growth. With an engaged and forward-looking population, it's no surprise the country is now seen as the crypto capital of the Arab world.' A defining feature of the UAE's crypto rise is youth engagement. Over 74 per cent of adults aged 25–34 show active interest in crypto, and 21 per cent plan to start trading within the next 12 months. Social platforms like TikTok, WhatsApp, and YouTube are now the leading channels for crypto discovery — highlighting the social-first, mobile-first approach of the region's young investors. However, with nearly half of young users concerned about misinformation, the report warns of the urgent need for trusted platforms and crypto education to ensure safe and sustainable adoption. Rami Alsridi, Founder and CEO, Mining Grid said: 'The UAE has created the ideal environment where curiosity meets clarity. We're seeing a new generation that doesn't just want to invest in crypto but wants to understand it, build with it, and lead its next chapter. 'We're also witnessing a surge in Bitcoin mining, driven by demand for decentralisation, transparency, and energy-conscious innovation.' Other Gulf countries are also gaining crypto momentum: Saudi Arabia leads the GCC in youth adoption and recorded a 153 per cent growth in crypto activity Oman has invested more than $1.1bn in sustainable mining infrastructure to become a regional hub for environmentally friendly crypto operations Bitcoin remains dominant, but Ethereum's ecosystem resilience continues to attract developers and investors alike. Stablecoins now make up 66 per cent of all on-chain transactions in the Middle East, serving as the backbone of digital value transfer. The region is also rapidly embracing the tokenisation of real-world assets, such as real estate and bonds — a shift that is drawing heightened interest from institutional players. Looking ahead to 2026, the Mining Grid report predicts: Youth-led accounts will dominate new crypto onboarding by Q4 2025 Gamified, mobile-first trading platforms will rise in popularity Gulf countries will double down on clean-energy crypto mining models aligned with long-term sustainability goals
Zawya
2 days ago
- Business
- Zawya
Progressive regulation and zero tax policy drive UAE's $34bln crypto boom
Social platforms are fuelling the rise of youth-led digital finance UAE – The Middle East has officially transitioned from crypto-curious to crypto-committed, with the UAE leading a generational financial shift; positioning the region as a major digital asset powerhouse. According to a new report by a leading provider of blockchain and Bitcoin solutions, Mining Grid - the UAE received $34 billion (AED124B) in crypto inflows between July 2023 and June 2024, recording a 42% YoY growth rate. This surge places the UAE as a key player in the global crypto ecosystem, with over 500,000 daily crypto traders now active in the country. The Middle East attracted $338.7 billion in crypto inflows during the same period, marking an 11.73% YoY increase and securing its position as the 7th largest crypto market globally. Over 93% of that volume came from institutional-sized transfers, highlighting a maturing market driven by long-term strategies rather than speculation. Youth adoption has become a defining characteristic of the UAE's crypto landscape. With over 74% of young adults aged 25-34 showing active interest in cryptocurrency, and 21% planning to trade crypto within the next 12 months, the country leads regional participation in youth-driven digital finance. Social platforms including TikTok, WhatsApp, and YouTube have become primary discovery channels for this demographic, fostering a socially connected generation pursuing financial independence through digital assets. Growth brings challenges, with nearly half of young crypto users concerned about misinformation - opening the door for trusted platforms to lead in education and responsible adoption. Solaiman AlRifai, Founder & Board member, Mining Grid said, 'The UAE's clear regulations and zero capital gains tax have created the perfect environment for crypto growth. With an engaged and forward-looking population, it's no surprise the country is now seen as the crypto capital of the Arab world.' Regional neighbours are following suit with their own approaches. Saudi Arabia recorded remarkable 153% growth and leads GCC countries in youth crypto adoption rates. Oman has taken a sustainability-focused path, investing over $1.1 billion in green mining infrastructure to position itself as a hub for environmentally conscious crypto mining operations. Rami Alsridi, Founder and CEO, Mining Grid said, "The UAE has created the ideal environment where curiosity meets clarity. We're seeing a new generation that doesn't just want to invest in crypto but wants to understand it, build with it, and lead its next chapter. We're also witnessing a surge in Bitcoin mining, driven by demand for decentralization, transparency, and energy-conscious innovation." Bitcoin maintains market dominance while Ethereum's ecosystem resilience keeps digital assets in the spotlight. Stablecoins have become a cornerstone of regional value transfer, now comprising 66% of all on-chain transactions. The tokenization of real-world assets, including real estate and bonds, is driving new waves of institutional interest across the region. Mining Grid, which serves over 60,000 users globally with a physical presence in the UAE, has played a pivotal role in accelerating regional crypto adoption through accessible and energy-efficient mining solutions. The company's approach addresses traditional concerns about Bitcoin mining's energy demands by reimagining it as an infrastructure opportunity aligned with regional sustainability goals. Looking toward 2026, analysts from Mining Grid project that youth-led crypto accounts will become the largest new onboarding segment in the region by Q4 2025 and Gulf countries are expected to continue exploring sustainable crypto mining practices. The report anticipates continued growth in mobile-first, gamified crypto platforms, increased institutional participation in tokenised assets, and accelerated adoption of clean-energy-backed mining models across the Middle East. -Ends- About Mining Grid: Mining Grid is a leading provider of sustainable blockchain solutions, committed to revolutionising the global mining industry. With a focus on eco-friendly transparent practices and cutting-edge technology, Mining Grid empowers users in the MENA region to participate in the future of blockchain with confidence and responsibility. For more information, please visit For media inquiries, please contact: Sharon Fernandes sharon@
Tahawul Tech
2 days ago
- Business
- Tahawul Tech
Progressive regulation and zero tax policy drive UAE's $34 billion crypto boom
Dubai — The Middle East has officially transitioned from crypto-curious to crypto-committed, with the UAE leading a generational financial shift; positioning the region as a major digital asset powerhouse. According to a new report by a leading provider of blockchain and Bitcoin solutions, Mining Grid – the UAE received $34 billion (Dh124 Billion) in crypto inflows between July 2023 and June 2024, recording a 42% YoY growth rate. This surge places the UAE as a key player in the global crypto ecosystem, with over 500,000 daily crypto traders now active in the country. The Middle East attracted $338.7 billion in crypto inflows during the same period, marking an 11.73% YoY increase and securing its position as the 7th largest crypto market globally. Over 93% of that volume came from institutional-sized transfers, highlighting a maturing market driven by long-term strategies rather than speculation. Youth adoption has become a defining characteristic of the UAE's crypto landscape. With over 74% of young adults aged 25-34 showing active interest in cryptocurrency, and 21% planning to trade crypto within the next 12 months, the country leads regional participation in youth-driven digital finance. Social platforms including TikTok, WhatsApp, and YouTube have become primary discovery channels for this demographic, fostering a socially connected generation pursuing financial independence through digital assets. Growth brings challenges, with nearly half of young crypto users concerned about misinformation – opening the door for trusted platforms to lead in education and responsible adoption. Solaiman AlRifai, Founder & Board member, Mining Grid said, 'The UAE's clear regulations and zero capital gains tax have created the perfect environment for crypto growth. With an engaged and forward-looking population, it's no surprise the country is now seen as the crypto capital of the Arab world.' Regional neighbours are following suit with their own approaches. Saudi Arabia recorded remarkable 153% growth and leads GCC countries in youth crypto adoption rates. Oman has taken a sustainability-focused path, investing over $1.1 billion in green mining infrastructure to position itself as a hub for environmentally conscious crypto mining operations. Rami Alsridi, Founder and CEO, Mining Grid said, 'The UAE has created the ideal environment where curiosity meets clarity. We're seeing a new generation that doesn't just want to invest in crypto but wants to understand it, build with it, and lead its next chapter. We're also witnessing a surge in Bitcoin mining, driven by demand for decentralization, transparency, and energy-conscious innovation.' Bitcoin maintains market dominance while Ethereum's ecosystem resilience keeps digital assets in the spotlight. Stablecoins have become a cornerstone of regional value transfer, now comprising 66% of all on-chain transactions. The tokenization of real-world assets, including real estate and bonds, is driving new waves of institutional interest across the region. Mining Grid, which serves over 60,000 users globally with a physical presence in the UAE, has played a pivotal role in accelerating regional crypto adoption through accessible and energy-efficient mining solutions. The company's approach addresses traditional concerns about Bitcoin mining's energy demands by reimagining it as an infrastructure opportunity aligned with regional sustainability goals. Looking toward 2026, analysts from Mining Grid project that youth-led crypto accounts will become the largest new onboarding segment in the region by Q4 2025, and Gulf countries are expected to continue exploring sustainable crypto mining practices. The report anticipates continued growth in mobile-first, gamified crypto platforms, increased institutional participation in tokenised assets, and accelerated adoption of clean-energy-backed mining models across the Middle East.
