UAE Climbs to Second Place in Henley Crypto Adoption Index
The UAE has climbed to second place in the Henley Crypto Adoption Index 2026, up from fifth last year, thanks to its perfect 10 out of 10 score for tax friendliness.
The country's Virtual Assets Regulatory Authority (VARA), established in 2022, is a key factor in its high ranking. VARA has created a supportive regulatory environment that allows crypto businesses to thrive.
The UAE's no-tax policy on crypto trading, staking, and mining has also contributed to its perfect tax score. This makes it an attractive destination for international digital-asset investors.
Singapore remains the top-ranked country in the index, but the UAE is closing the gap with its strong showing. The Henley Crypto Adoption Index considers six pillars, including public adoption, infrastructure readiness, and economic factors.