Tax Free Crypto Zone in Dubai

[Treat1234 0]

On 1/29/2020 at 6:58 AM, sohaib said:

Dubai is Launching Crypto Valley in Tax-Free Zone, No Personal or Corporate Income Tax. Isn't it great? Dubai is now opening a new way for crypto.

Dubai is already a developed country we all know but what are you trying to say. You didn't say anything meaningful about any cryptocurrency are trying to tell us us Dubai has accepted cryptocurrency?

[nykas 2812]

I think that Dubai and United Arab Emirates is one of the most technological countries so they try to use blockchain and cryptocureencies. I think that this zone can help some new start-ups 

[khan22 3478]

On 1/29/2020 at 10:58 AM, sohaib said:

Dubai is Launching Crypto Valley in Tax-Free Zone, No Personal or Corporate Income Tax. Isn't it great? Dubai is now opening a new way for crypto.

This is the great news that Dubai is going to be do this becasue if that country make a great step to the crypto then i hope so that the other countries will also except it soon and becasue of corona virus the crypto chance is so much to be launched in all over the world in short time.

[Omar Ommeish 4872]

Yes, this is a good step that Dubai has taken and I think many people interested in cryptocurrencies will travel there to develop their work.

[Zalaks007 543]

This is a great development from dubai and also a great news for the cryptocurrency world knowing that dubai has started to accept cryptocurrency and bring their own tax free tokens. It shows how the world is fast adopting and accepting cryptocurrency.  O hope to see other nations do the same too soon.

[Laboni 755]

The demand for crypto in Dubai is usually very low so if Dubai's tax-free crypto is introduced then it is great for crypto The demand for crypto will increase at a massive rate. Everyone will use tax-free currency and there will be no subsidies.

[Brand1 1336]

Dubai has started to adopt crypto currencies and blockchain technology in a large and wide way and this region that Dubai has built has achieved a lot and it was a very good step in the crypto world and I am sure that this matter will have many benefits for the country and citizens

[Moaz 7239]

I think that this is a smart plan from Dubai in order to attract big investors to buy cryptocurrencies and invest in the field of crypto without imposing any taxes on them, and this will have positive effects in increasing the users of cryptocurrencies in Dubai and the Gulf Arabic

[hasan007 206]

It's  a great thing for the crypto, Dubai always beyond of the others in term of technology. It might be great helpful for the crypto community cause most of them are scared about the taxes which is imposed by the government. 

Its a great approach to a good day of  crypto.  

[Sarahden111 1231]

The openness of the Middle East region in general to the use and trading of digital currencies is excellent and will help support the economies there in general, albeit on an individual level. And Dubai is one of the leading countries in the field of technology and development in general in the world, so this is not surprising.

[Masterrex 559]

On 1/29/2020 at 1:58 PM, sohaib said:

Dubai is Launching Crypto Valley in Tax-Free Zone, No Personal or Corporate Income Tax. Isn't it great? Dubai is now opening a new way for crypto.

Well that's great news at least Dubai is not behind with this kind of technological development since Blockchain base industry was driven by technology which the core functions of the crypto-currencies if this development will continue maybe Dubai will be a new hub for Blockchain base companies 

[TheRaed 1247]

Yes, it will be the forerunner in the field of digital currencies, and this will be reflected on it with great benefit, and countries will begin to copy it little by little

[Guru2050 8284]

Another great achievement, and a welcome development for all Crypto users and entire Crypto currency community, it's a good move indeed there must no be tax for Crypto currency. Therefore it's a fruitful, productive advantage for them to invest on valuable Crypto currencies to make a huge profits

[Ndayebo8 0]

That is a good news for crypto currency users also it will encourages more users to get in touch with crypto currencies. This will be very helpful to everyone in this forum.

[Izeal 4404]

On 1/29/2020 at 11:43 AM, sohaib said:

Dubai is Launching Crypto Valley in Tax-Free Zone, No Personal or Corporate Income Tax. Isn't it great? Dubai is now opening a new way for crypto.

Not only dubai whole UAE is moving very fast in terms of technology they are far ahead than other countries and crypto valley in dubai will improve the cryptocurrency through the whole world because it's like hub for most of the trading and tourism.

[TimopheyKa 3900]

Since one of the main goals of the UAE is to turn the Emirates into a leading financial center in the world, the country's authorities welcome all financial innovations and do everything possible to keep up with the times. So cryptocurrencies in Dubai simply could not remain without attention of the authorities. Bitcoin in Dubai can be purchased on one of the International exchanges, such as Bitcoin Exchange, Trading BTC USD, BTC EUR - CEX.IO, Lake BTC or HitBTC. You can purchase cryptocurrency in the UAE using a credit or debit card, Paypal, Skrill, or other non-cash payment system.

The UAE cryptocurrency is represented not only by bitcoin. Here you can buy Ethereum, Litecoin or Bitcoin. The cost of bitcoin and the ratio to Fiat money constantly varies depending on many factors. Currently, buying one bitcoin in Dubai will cost about 11 thousand 500 dollars (the exchange rate changes very quickly).

[Sugibengi 390]

On 1/29/2020 at 12:58 PM, sohaib said:

Dubai is Launching Crypto Valley in Tax-Free Zone, No Personal or Corporate Income Tax. Isn't it great? Dubai is now opening a new way for crypto.

Yes, that is very good, meaning that many people are not worried about taxes, crypto will be increasingly recognized by the people there, without tax investors will continue to increase and buy a lot of crypto, in my opinion the tax-free zone can be emulated by other countries because this will increase the income of people who are in a country that provides crypto tax free zones.

[Mcd0d0 5882]

Well, this is a good step for them and the good thing is this crypto they're adopted is not having any tax to be paid, many people are being happy for this by using cryptocurrencies without any additional payment if you invest some of it.

[annayks 2314]

It is great and I hope that more will follow. Perhaps we will build the citadels too at some day and have one in each major city. But for now it is good to see a free tax crypto only zone especially in a rich city as dubai. This means a lot for adoption and how cryptocurrencies are seen by some people.

[Fixfin 2569]

Maybe they will have some good job oppenings for people that understand cryptocurrencies and will help them with transactions and setting up the payment system. I'd love to have a job in Dubai. For me it is the ideal place to work. Sand, desert, I guess they have some beaches, and too much oil and money. Crypto can work for them.

[safwan944 54]

Dubai is always a step ahead in digital sector so in this platform too their making a step ahead to proof the world that cryptos is gonna change the whole world cashless system and it will soon start to prevail for the betterment of the mankind.

[Betar 1]

Dubai is sophisticated in everything and of course the need to use cryptocurrencies will increase, so this is an excellent step in this area.

[cryptovlek 2597]

Dubai will become more included as a crypto destination in this case. There will be many crypto whales that would love to use tax free service and payments with cryptocurrencies. But this is only for a few that have enough crypto and money to make trips and to buy expensive things. Crypto is not a rich game but it is about inclussion of everyone.

[adamramis 496]

Good achievement i'm glad to hear that it's good opportunity for corners also will be as a chance for all kind of developers technology who really need a job 

[bobjoemega 1088]

On 1/29/2020 at 6:58 AM, sohaib said:

Dubai is Launching Crypto Valley in Tax-Free Zone, No Personal or Corporate Income Tax. Isn't it great? Dubai is now opening a new way for crypto.

Yes, my brother, Dubai is the leader of every Arab country in terms of digital currencies. As you know, there is even a currency with the same name as this country, and this last one  encourages all kinds of modern technology.