US losing crypto lead to UAE, South Korea, Australia and Switzerland
May 23, 2023
Ark Investments says “USA is at risk of losing a dominant position in the global crypto ecosystem”.
Ark Invest analyst Yassine Elmandjra said “The U.S. is at risk of losing a leader position in the global crypto ecosystem to other countries like the UAE, South Korea, Switzerland and Australia.
Regulatory uncertainty seems to be hardhitting to both existing firms and new startups in the crypto space.
Abu Dhabi will host the first full-scale bitcoin mining in the Middle East.
