DID YOU KNOW THAT UAE IS TAX HEAVEN FOR CRYPTO ACTIVITIES
The United Arab Emirates (UAE) has made a significant move by eliminating taxes on all cryptocurrency transactions, bringing relief to individuals and businesses involved in the virtual asset space. This new VAT exemption, announced by the Federal Tax Authority (FTA) of UAE, aims to promote a more favorable environment for crypto traders and investors. The changes will officially take effect on November 15, 2024.