The UAE just got a whole lot friendlier with its new no tax policy on crypto. Like El Salvador, the UAE may just become the next haven for crypto enthusiasts. Most countries in Europe tax over 30% of your profits. Do you think the UK and other countries in Europe will make such a move in the near future?
It’s great news for crypto enthusiasts to hear about tax waivers for all transactions when they could still be subject to tax cuts of up to 30%.
I’m just guessing that countries like UAE are rich countries that no longer focus their revenue on taxes. It seems odd that they still tax transactions including crypto transactions.