UAE Scraps Value Added Tax on Crypto Transactions, Binance Foresees Rapid Growth in Web3 Businesses
Earlier this week, the UAE announced changes to its tax policy, exempting certain crypto transactions from Value Added Tax (VAT). This move eliminates the previous 5 percent VAT on crypto transfers and conversions. In an interview with Gadgets360, Binance’s Head of Regional Markets, Vishal Sacheendran, called the decision a significant step towards positioning the UAE … Read more