Dubai — The UAE has entered the world's top five crypto hubs, earning a clean tax record and attracting an emerging class of digital millionaires.
Under the newly published Crypto Wealth Report 2025 by international advisory firm Henley & Partners, the UAE is now on par with Singapore, Hong Kong, the United States, and Switzerland as a top jurisdiction for high-net-worth crypto investors. The acknowledgement is as world crypto millionaires grew 40 per cent over one year to hit 241,700 across the globe.
The Henley Crypto Adoption Index gave the UAE a 10 out of 10 for tax policies, reflecting the country’s zero levies on trading, staking, and mining. The report cited the nation’s strong regulatory framework, anchored by Dubai’s Virtual Assets Regulatory Authority and the Central Bank’s Digital Dirham programme, as key drivers of its appeal.
"Cryptocurrency has made geography a matter of choice, with nothing more than 12 words memorised, a person can lock up a billion dollars of Bitcoin," said Dominic Volek, Group Head of Private Clients at Henley & Partners, observing the increased worldwide mobility of crypto assets.
The report emphasized that 450 centi-millionaires are now holding crypto portfolios with values of $100 million or higher, and crypto billionaires have risen to 36. Bitcoin millionaires alone grew 70 per cent year-over-year to 145,100 owners. Overall, the total crypto market as of June 2025 was worth $3.3 trillion, a 45 per cent increase compared to last year.
Industry experts commented on the UAE's capacity to draw in businesses and retail consumers. "This new, mobility-orientated class of investors is coming more and more to citizenship by investment schemes as a strategic path to geographic and monetary agility," stated Catherine Chen, Binance's Head of VIP & Institutional.
Other leaders in the region are Singapore, which ranked highly in infrastructure and regulation, and Thailand, which recently implemented a five-year tax exemption on crypto trading capital gains. Malaysia too is developing its digital finance system through fintech.
Experts concur that the UAE's combination of zero tax policies, regulatory transparency, and support by the government has made it a destination for crypto wealth and innovation, further cementing its position as a world-class hub for blockchain adoption.
