Post
Topic
Board Bitcoin Discussion
Re: UAE removes taxes for all crypto transactions
by
RockBell
on 19/10/2024, 20:50:47 UTC
Yours might be better compared to what is happening here in our own country. They don't only tax us but also restricting us from accessing some crypto related platforms. I thought things like this only happen in Africa and third world countries. I have no problem paying them tax despite they're not putting it to good use but what is the essence of paying tax and can not still have freedom to visit any crypto platform of my choice? It doesn't make any sense seriously. UAE is setting a legacy that other countries can emulate to create a more friendly relationship between crypto enthusiasts and the government but I don't think such policies would work out here in Africa since they are more concern about their pockets than building a relationship.

If you see how some countries are been flexible on people that do crypto you just get jealous but when you see how your own country treats you will just feel that what exactly did we do to deserve this no jobs and venturing into bitcoin they still make it hard and they have used what so ever to chase alway most of this exchanges from the space, for some reason that I don't even think is worth it, chasing away all most all the exchanges the government can be very unpredictable.

I think you should have a problem with paying tax imagine the government collecting 30% of what every you make from the market that percentage is actually a hudge number is it not counties like UAE that are making everything tax free.

So why are other countries especially Africa countries finding it difficult to actually support their people when it comes to stuffs like this, they will rather prefer the tax, than the support so it can not even work so that is the problem we are facing.