Quote from: freedomgo on Today at 11:33:52 AM

Quote from: dezoel on Today at 10:49:19 AM

UAE has always been at the forefront of trying to make their nation look good to build a headquarters, and plenty of companies do have their headquarters there. Plus, they are not some backwards place where they ban everything, they do allow most things and sort of like a western country as well, which allows westerners to come in, build their company and live a comfortable life based on cultural similarity or at least understanding of it. This is why they are going to end up with a much better result when the time comes, they are growing, and I believe they will continue to grow and become a huge nation eventually.

They’re competing to lead the digital world, and removing taxes is a smart move for them to help crypto grow in the country. I believe they’re not focused on immediate profits but rather on the long-term benefits, which makes sense. They have plenty of resources to collect taxes from, so since crypto is still new, it’s a good call not to be too aggressive with taxes. Hopefully, other countries will follow suit because sometimes heavy taxes slow down progress and development.

Indeed by having those implementation it could attract people to use crypto since they provably save from paying taxes compare if they use fiat on every transactions they made. What they do is not for short term since they cannot get anything with these implementation. But soon provably that there would be a huge development will happen especially if their country would lead to towards dealing cryptocurrency since they could really take advantage and earn more benefits from this industry.

Also they are rich so they could able to sustain this and everything will provably in good place and crypto adoption towards will surely became more better especially if they create more laws like this which is truly helpful for bitcoin also to the people using crypto.