🚀 Big news from the UAE! The Federal Tax Authority just announced VAT exemptions for digital assets, including crypto, effective retroactively from Jan 1, 2018! 💰

This means businesses in the crypto space can breathe a sigh of relief and maybe even do a little happy dance. 🕺

With Dubai's VARA and the SCA teaming up to supervise VASPs, the UAE is stepping up its game in the crypto world.

Got thoughts on how this will impact the DeFi and Web 3 space? Drop your comments below! Let's get the conversation rolling!