🇦🇪 Dubai is most crypto friendly place in the world, Which makes it the best desitination for #crypto lovers and investors. Although the whole of the UAE (United Arab Emirates) is considered crypto-friendly, Dubai in particular, with its VARA (Virtual Asset Regulatory Authority), has turned into a Mecca for crypto fans and users.
Along with zero income or capital gains tax, there is no tax on crypto trading in the UAE. This aspect has made the UAE a very attractive location for blockchain and crypto companies. During the regulatory crackdown on many of the global crypto firms, many CEOs decided to move their bases to Dubai.
Dubai is one of the first regions in the world to have well-established digital asset regulations. There are policies on how firms can set up shop and also on investor protection.