UAE allegedly second worldwide in cryptocurrency token sales - report

More than US$217 million raised.
Bitcoin, Cryptocurrency, Tech, Crypto, Ethereum, UAE, United Arab Emirates, Finance


The UAE is allegedly second worldwide in cryptocurrency token sales, according to a new report.

According to CoinSchedule, the UAE has emerged as the world’s second leading jurisdiction for digital token sales, accounting for more than one-fourth of global funds raised in Q1 2019. In comparison to last year, the UAE did not even rank in the top 10.

More than US$217 million was raised, accoridng to the data.

In first place was the British Virgin Islands.

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