Amid the strong regulatory actions in 2024, privacy coins like Monero and ZCash have faced the highest delisting from crypto exchanges.
EIGEN, A Re-staking Protocol, Will Be Listed on CoinW Exchange
At launch, EigenLayer’s native token EIGEN has a total supply of 1,673,646,668.28466 tokens, symbolically encoded with the phrase “open innovation” on a classic telephone keypad. The token …
UAE Scraps Value Added Tax on Crypto Transactions, Binance Foresees Rapid Growth in Web3 Businesses
The UAE, on the other hand, has not only revised its tax regime for crypto but has also established the VARA framework of regulations to comprehensively govern the Web3 sector. As part of its tax …
Binance Launches Largest Trading Event ‘Traders League’ With $10 Million Prize Pool
Binance Traders League is designed to be inclusive, offering a variety of challenges that engage participants of all experience levels and cater to their trading preferences. Solo competitions will …
Cardano Price Anticipates 17% Dip Ahead of Hoskinson’s Roadmap Presentation
After a bullish streak for Cardano price last week, the bears dominate following the weekend sell-off, avoiding a major breakout. As Charles Hoskinson …
NBB issues the first Bitcoin investment product in Bahrain and GCC
In a partnership with ARP Digital, the National Bank of Bahrain (NBB) has issued the first Bitcoin investment product of its kind in Bahrain and in the GCC region. The new investm
NBB issues the first Bitcoin investment product in Bahrain and GCC
In a partnership with ARP Digital, the National Bank of Bahrain (NBB) has issued the first Bitcoin investment product of its kind in Bahrain and in the GCC region. The new investm
UAE Removes Taxes for Crypto Transactions; Analysts Expect Adoption of Chainlink, Ethereum, and IntelMarkets To Pump
According to news reports, the UAE announced it would exempt crypto conversion and transfer from the VAT beginning November 15, 2024. Such a move will foster the growth and development of …
Bitcoin Approaches $64K Amid Growing Optimism For ‘Soft Landing’ And A ‘Goldilocks’ US Economy
Bitcoin (CRYPTO: BTC) has seen a notable increase of 1.08% over the past 24 hours, approaching the $64,000 mark. This surge is attributed to positive U.S. employment data and the anticipated reduction in interest rates.
UAE crypto push continues as Kraken invades Abu Dhabi
Al-Monitor is an award-winning media outlet covering the Middle East, valued for its independence, diversity and analysis. It is read widely by US, international and Middle East decision makers at the …
Will Bitcoin Price Benefit from UAE’s New VAT Exemptions for Virtual Assets?
The Bitcoin price surged 0.55% during the low-volatility weekend, currently trading at $62400. Following the broader market relief rally, the BTC price …
UAE Sets Stage for Crypto Boom With New Tax Exemption Policy
The UAE exempts crypto transactions from VAT starting Nov 2024, fostering crypto growth and investment in Dubai’s ecosystem.
Cosmoverse 2024 in Dubai: Connecting global crypto thought leaders, enterprises, and innovators
With just a few weeks left, Cosmoverse 2024 is set to be a major event for the blockchain and crypto industry, taking place in Dubai from October 21-27 …
XRP Price Drops 4.01% after Unlocking 1 Billion Tokens and Latest News on XRP ETF
With the various good news about XRP above, the price of XRP has decreased. Currently, XRP is trading at $0.6019 with a trade of 4.01%. However, in the last 24 hours, XRP touched its highest price, …
UAE exempts digital asset transfers from VAT as regulations evolve
Amendments to value-added tax (VAT) regulations in the United Arab Emirates (UAE) will exempt transfers and conversions of digital assets, including cryptocurrencies.
National Bank of Bahrain rolls out its first Bitcoin investment fund
The National Bank of Bahrain has announced the launch of its first Bitcoin investment fund, designed for institutional investors in the Middle East’s Gulf Cooperation Council, formed by Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates (UAE).
United Arab Emirates Updates Tax Rules To Exempt Crypto Transfers From VAT
Regulators in the United Arab Emirates have published VAT amendments that exempt crypto transfers and conversions from VAT.