The authorities of the UAE have called Bitcoin the backbone of the future financial system and stated that it already plays a systemic role in the future financial structure of the country.
It is projected that the volume of the local digital assets market will reach $680 billion this year — 30% of the population invests in BTC and more than 500,000 trade daily.
In the UAE, VAT, income tax, and capital gains tax have been completely abolished for Bitcoin transactions.
BTC
93,613.29
+3.59%
