Foreign Media: UAE Holds $40 Billion Worth of Bitcoin

BlockBeats News, December 22, Binance Co-Founder CZ reshared CryptoDNES news on social media: "Currently, the United Arab Emirates (UAE) holds $40 billion worth of Bitcoin. The UAE has actively created a favorable environment for cryptocurrency development through initiatives such as establishing a cryptocurrency hub in Dubai's various commodity centers. These strategic measures have encouraged the thriving of local and international blockchain startups, leading to a steady increase in the country's Bitcoin reserves."

However, the source of this information is from some unknown niche websites, and there has been no official confirmation so far. Subsequently, some community members have questioned the data, believing that the related report looks like an AI-generated article. In response to this, CZ stated: "I also want to know how they arrived at this exact number; collecting such data is very challenging. It's higher than I expected, but then again, there are many wealthy individuals there (in the UAE)."