⚡️ The UAE has called Bitcoin the foundation of the future financial system
The UAE national security representative Mohammed Al-Shamsi stated that Bitcoin already plays a systemic role in the future financial architecture of the country.
The local market for digital assets is estimated at around $680 billion, with up to 30% of the population investing in BTC, and more than 500,000 people trading cryptocurrency daily.
In the country, VAT, income tax, and capital gains tax have been completely abolished for Bitcoin transactions. The UAE is also developing cooperation with key industry players — in particular, with Tether, Circle, and Binance.
