The crypto revolution in the UAE: the launch of a stablecoin for dirhams and the abolition of taxes on crypto
The UAE is making a step into the crypto economy: The Central Bank has approved the issuance of a dirhams-linked stablecoin (AED). The authorities have also abolished taxes on cryptocurrency transactions, creating attractive conditions for investors and strengthening the country's role in the global crypto arena.
The UAE continues to strengthen its position in the world of cryptocurrencies by approving the issuance of a stablecoin pegged to dirhams (AED). The country's central bank sees this as an important step in integrating cryptocurrencies into the economy. At the same time, the authorities abolished taxes on cryptocurrency transactions, making the UAE even more attractive to international investors and strengthening its status as one of the leaders in the crypto economy.
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