As Per Recent Data, UAE Becomes World’s Biggest Contributor to Token Sales

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According to the report, the Gulf nation has raised more than 25% of funds, since the start of 2019 with $210.5 million. The Cayman Islands came second with $103.8 million and Singapore earned the third rank with $89.7 million.

Reportedly this surge, in UAE’s crypto investments has been sudden, especially as the state did not even feature in the top 10 countries for digital token sales in 2018.

We are seeing the continuation of the move away from the USA due to regulatory concerns.”

However, when it comes to holding the most token sales, CoinSchedule’s data tells a different story. Singapore dominated the charts since the start of the year with 12, followed by the United Kingdom on nine and the United States on seven.

Read more:The US SEC Suspends Trading In Securities Of Bitcoin Generation

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