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?
No, I do not think so. At least in the near future. Didn't EU just introduce regulatory compliances for crypto projects and exchanges to follow? I do not think European countries are too eager to make crypto tax free. They all seem to want to control crypto as much as they can. The best we can hope for is for some of these european countries to acknowledge crypto legal and not make it illegal.
What UAE did though is a huge step and I am sure would contribute to their tourism and economy growth. They seem to be making steps that are unexpected.