Chainalysis Unicorn News: UAE Removes VAT On Crypto Transactions

Chainalysis Unicorn News - October 07, 2024

The UAE has announced a significant policy change, exempting cryptocurrency transactions from the value-added tax (VAT) starting November 15, 2024. This strategic move aims to strengthen the UAE's position as a leading hub for blockchain and cryptocurrency activities.

Sources
https://techreport.com/crypto-news/uae-exempts-crypto-transactions-and-conversions-from-vat/
https://cryptoslate.com/tax-free-crypto-transactions-coming-to-uae-in-november-to-push-digital-ambition/

Outline
(00:00:00) Introduction
(00:00:31) UAE Exempts Crypto Transactions From VAT Starting November

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