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The United Arab Emirates is the world’s largest participant in cryptographic token sales at least this year. The results are based on data released by coinschedule.
The sale of tokens in the UAE is expanding rapidly. In 2018, there was no name in the TOP10, but this year it is worth $ 210.5 million, more than 25% of the world’s total token funding. Followed by the Cayman Islands with $ 138.0 million and Singapore with $ 97.7 million.
According to Bloomberg Communications, the major token sales that have affected the UAE are the development banking product GCBIB for cryptographic users and Bolton Coin for real estate and cryptographic mining investment projects.
Meanwhile, the US is the sixth, $ 37.2 million, a fifth of the UAE. The coin schedule says that ICO, a cryptographic funding system in the United States, is continuing to move out of the United States due to regulatory concerns such as ducks being surveyed. In addition, the number of tokens sold was 12 in Singapore, 9 in the UK and 7 in the US.
Meanwhile, the United Arab Emirates has regulated cryptographic currency regulations, and reports have been made that ICO regulations will be introduced during the first half of this year. In January, it was reported that the United Arab Emirates would start a new cipher with the aim of facilitating border remittances with Saudi Arabia. For more information, please click here .
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