Cryptocurrencies are still a mystery to some. All they know about them is that they rise and fall quickly, a mysterious thing whose future cannot be predicted, while cryptocurrency investors suffer from many pressures related to market fluctuation, and other external reasons related to the place where they reside, such as changing laws regarding trading or dealing in cryptocurrencies, such as constantly raising taxes or measures that may amount to prohibiting dealing in cryptocurrencies sometimes, as happened in some countries.
First of all, yes, certainly, crypto in UAE is legal, and UAE crypto laws regulate assets and trading operations in cryptocurrencies.
The number of crypto companies moving their headquarters to the United Arab Emirates, and Dubai in particular, is constantly increasing, FTX for example and many international companies that moved their offices to Dubai, we are speaking about more than 700 crypto companies in the United Arab Emirates, among them are blockchain companies that have found the ideal place in the United Arab Emirates, In addition, thousands of investors have found Dubai and the UAE in general as a paradise for cryptocurrencies all of that make Dubai as the world's crypto hub.
Binance the world's largest crypto exchange has moved to Dubai, due to the freedom that the UAE has as a global centre for cryptocurrencies, according to a long term agreement with Dubai world trade centre (DWTC) to establish a new system to help a crypto investors to set up their business and that make more millionaires and billionaires crypto move to the paradise of crypto Dubai and all the UAE.
Dubai worlds best place for crypto:
Dubai has become the best place in the world for crypto investors, the investors there pay zero taxes on their investments regardless the size of the investments or profit achieved.
It is completely free to earn, transfer or even exchange them for cash, in addition, obtaining residency is faster compared to other countries that work to attract crypto investors to move there, there is also a government plan in the United Arab Emirates that supports crypto, especially in Dubai, and the government's plan to facilitate payment by cryptocurrencies, like buying a luxury car, dream house, convert as much cryptocurrency as you want into cash in minutes, or bay for whatever you want, as an investor in crypto in Dubai or UAE in general, you do not need a license or any of the complicated procedures that are followed in other countries to invest in crypto.
