Quote from: SamReomo on February 25, 2025, 11:51:57 PM

Yes, not only in your country but in most countries it's now needed to declare their crypto gains for annual tax. The centralized system doesn't want anyone to live without paying taxes, however, I heard that in UAE there's no tax on crypto and that's why most crypto lovers move to that country.

Basically the country hopes for profit from the process of people's involvement in crypto and the large tax benefits they get from the traffic of crypto activities themselves. That's why I believe that almost most countries are starting to accept crypto and not completely reject it because they can get such a large tax from this industry sector. I don't know how much tax is imposed by the UAE and if they don't impose tax on crypto then I'm sure many people will probably go there.

It is even possible that new exchange developers who plan to develop this potential will much prefer the UAE as their place because the absence of tax is quite profitable. Although in terms of regulations we never know how the taxation there is so far for companies that will be built there.