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 UAE exempts crypto transfers, conversion from value-added tax
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 The United Arab Emirates (UAE) has recently announced a significant change in its tax policy by exempting cryptocurrency transfers and conversions from value-added tax (VAT). This decision, effective as of October 2, 2024, positions the UAE as a more attractive and crypto-friendly jurisdiction for digital asset transactions 
 The UAE's decision to exempt crypto transfers and conversions from VAT marks a pivotal shift in its approach to digital assets, reinforcing its commitment to becoming a leading player in the global cryptocurrency landscape. This development is likely to attract more investment and innovation in the region's burgeoning crypto market. 
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