Renowned crypto expert Del Crxpto predicts that the UAE government will soon launch a strategic digital asset reserve that will feature Shiba Inu (SHIB).
Following the launch of a crypto reserve in the United States, speculation suggests that other nations will also introduce a similar initiative.
Last week, the U.S. launched a Bitcoin-only reserve and a digital asset stockpile for altcoins like XRP and Cardano. The government will fund the reserve using crypto assets from criminal and civil-related forfeitures. Since the announcement, speculations suggest that other top nations will follow suit.
UAE to Launch Shiba Inu Reserve
In a recent X post, pseudonymous crypto expert Del Crxpto forecasted that the United Arab Emirates (UAE) will launch a crypto reserve. According to the expert, this reserve will hold a substantial amount of Shiba Inu.
However, Del Crxpto did not highlight a possible timeline for this prediction to materialize or outline any factor behind the forecast. Notably, this suggestion has been making the rounds within the Shiba Inu community lately.
It bears mentioning that Shiba Inu has a cordial relationship with the UAE government. As previously reported, the UAE partnered with Shiba Inu in February to leverage the cryptocurrency’s Web3 technology–ShibOS–to enhance its governance and public services.
The initiative marks the UAE’s first adoption of blockchain at the federal level. Interestingly, the government opted for Shiba Inu’s ShibOS over other technology introduced by established crypto projects.
With the UAE confident in Shiba Inu’s proficiency over established projects, many experts, like Del Crxpto, believe the government will feature SHIB in a crypto reserve should it launch one.
Is UAE Considering Launching a Crypto Reserve?
Despite growing speculation that the UAE is considering establishing a crypto reserve, the government has not issued a statement confirming the rumor. The UAE is known for its forward-thinking approach to finance and technology, which has paved the way for its pro-crypto stance.
It is actively making efforts to position itself as the global leader of the crypto industry–a role the U.S. plans to assume through its crypto reserve initiative and an upcoming federal regulatory framework for crypto.
Unlike the U.S., the UAE has clear crypto regulations, including Dubai’s Virtual Asset Regulatory Authority (VARA). Despite this, it remains unclear whether the UAE will launch a crypto reserve, let alone one that will hold Shiba Inu.
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