PANews reported on December 22 that Binance co-founder CZ shared a report from CryptoDNES on the X platform: The UAE currently holds $40 billion worth of Bitcoin. The UAE has actively created a favorable environment for the development of cryptocurrencies through initiatives such as the Cryptocurrency Center at the Dubai Multi-Commodity Center. These strategic measures have encouraged the flourishing of local and international blockchain startups, resulting in a steady increase in the country's Bitcoin reserves.