UAE Sets Stage for Crypto Boom With New Tax Exemption Policy

Starting from November 15, 2024, the UAE will exempt cryptocurrency transactions and conversions from Value Added Tax (VAT), applicable to both individuals and businesses. While other nations remain cautious in establishing clear cryptocurrency regulations, the UAE has adopted an open and proactive approach. How Have Cryptocurrency Regulations in the UAE Changed? Prior to the... source: https://beincrypto.com/uae-new-tax-exemption-crypto-boom/