UAE rises to No. 2 in global crypto ranking with 10 out of 10 tax score
Dubai: The UAE has climbed from fifth to second place in a global ranking of crypto-friendly jurisdictions, receiving a perfect score for tax friendliness while finishing behind only Singapore. The UAE scored 46.4 out of 60 in the Henley Crypto Adoption Index 2026, compared with Singapore’s 47.1 and Hong Kong’s 46.2, placing it ahead…
The United Arab Emirates has ascended three places to claim the second spot in a global ranking of crypto-friendly jurisdictions, according to the Henley Crypto Adoption Index 2026. The UAE achieved a perfect tax score of 10 out of 10, edging out Singapore, which came in first with a score of 47.1 compared to the UAE's 46.4. Hong Kong and the US followed, ranking third and fourth respectively, with scores of 46.2 and 43.7.
The UAE outperformed the US and Switzerland, receiving high marks in various areas such as public adoption, infrastructure adoption, innovation, regulatory environment, economic factors, and most notably, tax friendliness. The UAE's digital asset market is bolstered by dedicated virtual asset regulation in Dubai and a separate crypto framework in the Dubai International Financial Centre, among other favorable regulations.
Singapore maintained its top position in the index for the fourth consecutive year, while Hong Kong took the third spot. The US and Switzerland rounded out the top five.
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