DeFi Technologies Board Member: Cryptocurrency will become the second largest industry in the UAE within five years According to Chase Ergon, a board member of DeFi Technologies, a listed digital asset investment company, the cryptocurrency industry is expected to become the second largest industry in the UAE in the next five years, thanks to the UAE's regulatory policies and attractive business environment. Ergen said in an interview with Cointelegraph, "The UAE has a reputation for leadership, legislation, and community building." He also predicted, "They sell oil, which is their main business. I believe their second largest business in the next five years will be the blockchain industry. This will begin to become a double-digit growth part of the economy." The UAE has a clear cryptocurrency regulatory framework, a community of key executives in the cryptocurrency industry, a debt free economy that allows the government to invest its surplus in technology, low crime rates, favorable tax policies, and forward thinking leadership.