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.
It is a significant change, I never imagine that UAE will decide to have no crypto taxes anymore (free taxes). I assume this is a way to accelerate the growth of the crypto industry in UAE. They know the potential of crypto industry, so they become friendlier and follow El Salvador policy. I think UAE has been a haven of crypto now. I just can't wait for the growth of crypto in UAE. I hope there will be good news from crypto business in UAE in the future.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 won't happen in Europe countries. The governments always try to get money from any sources, taxes become one of the source of the big incomes. Since crypto industry grows well and many people get huge money from crypto business, the government won't miss the chance to get more income from crypto taxes. By the way, this also happens in many countries in Asia, including in my country. 