One-third of UAE residents invested in cryptocurrencies

One month after Dubai adopted new laws governing virtual assets, 33 per cent of UAE residents say they have invested in cryptocurrencies, a survey has shown.

This compares with 30 per cent of people who have invested in the asset class globally.

Residents in the UAE plan to allocate 26 per cent of their investable assets to cryptocurrency, compared with 20 per cent globally, findings in the survey by online market research company Toluna show.

Researchers polled 500 people in the Emirates and 9,000 globally between the ages of 18 and 64 for the study.

Meanwhile, 18 per cent of UAE residents said they trust cryptocurrencies, the survey found.

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