<ul><li>UAE exempts crypto transactions from VAT starting November 15, 2024.</li><li>The policy change eliminates the 5% VAT, fostering a more crypto-friendly regulatory environment in the UAE.</li><li>The exemptions will be applied retrospectively from January 1, 2018, potentially allowing for VAT refunds on past crypto transactions.</li><li>This decision positions the UAE as a leader in the digital asset space and may attract more businesses and investors to the country.</li></ul>

UAE Exempts Crypto Transfers from VAT

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