🚨 UAE REMOVES TAXES ON CRYPTO TRANSACTIONS 🇦🇪

- Effective Date: From November 15, 2024, but retroactive to January 1, 2018.

- Details: All cryptocurrency transfers and conversions are now exempt from Value Added Tax (VAT).

- Impact: Positions UAE as a leading crypto hub, aligning digital assets with traditional finance in tax treatment.

- Global Notice: This move could influence international crypto policies, showcasing UAE's progressive stance on blockchain and digital currencies. #UAE #Crypto #Finance #TaxExemption #Write2Earn