UAE Exempts Cryptocurrency Transfers and Conversions from VAT

UAE Exempts Cryptocurrency Transfers and Conversions from VAT, Enhances Crypto Regulations

The United Arab Emirates (UAE) has taken significant steps to position itself as a crypto-friendly jurisdiction by exempting cryptocurrency transfers and conversions from value-added tax (VAT). This move comes as part of a broader effort to streamline the country’s regulations around digital assets and boost its attractiveness as a hub for virtual asset transactions. New […]