Quote from: kawetsriyanto on October 19, 2024, 09:11:25 PM

Quote from: SatoPrincess on October 07, 2024, 06:54:57 AM

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.

Quote from: SatoPrincess on October 07, 2024, 06:54:57 AM

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. Cheesy

I guess the fact that country like UAE become friendly to crypto users also due to them wanting to develop their nations' prospect in term of investment and attract foreign investment to their country to get their citizenship.
lately UAE has shown the benefit of having their citizenship, demonstrating their willingness to negotiate with france in the case of durov.

seems the government right there acknowledged the fact that crypto holders might be prospective citizen that could bring in huge chunk of money, this tax free program is a good gesture.