The United Arab Emirates (UAE) has announced an exemption of many crypto-related activities from its 5% Value-Added Tax (VAT). In a move that could reshape the global cryptocurrency landscape, the United Arab Emirates (UAE) has announced a sweeping exemption of certain crypto-related activities from its 5% Value-Added Tax (VAT). Effective November 15, 2024, the exemption…
Under stringent new UAE regulations designed to safeguard the public from financial fraud, cyber criminals who promote cryptocurrency frauds online face up to five years in prison and fines of up to $272 million. Crypto-scammers To Face 5 Years Imprisonment Promoters of online cryptocurrency frauds now risk a possible five-year prison sentence and a maximum…
According to the latest report by Hashrate Index, a website for Bitcoin mining data and metrics, the UAE is now becoming a growing destination for Bitcoin miners, especially in the Middle East. Bitcoin Miners Look For Greener Pastures Bitcoin miners have faced issues in popular Bitcoin mining countries like China and Kazakhstan in recent years.…
Oil prices are pushing toward the $100 mark as geopolitical tensions in the Middle East intensify, with Iran issuing evacuation warnings and signaling potential strikes on key Gulf energy infrastructure. The latest developments have heightened concerns over global energy supply disruptions and added fresh volatility to oil markets. Iran Issues Evacuation Alerts Near Gulf Oil…
What is an oasis? A chance to get replenished? Be challenged by illusions? Make dreams come through? Perhaps all of the above as life has taught me to expect from vortex energy, high net worth, and to-the-core core energized blockchain events. Despite the COVID craziness, it’s time to pack the air camel full of fire…
Stefan Kimmel is the CEO of M2, an Abu Dhabi based crypto exchange that Kevin O’Leary has described as a next-generation crypto exchange. Why you should listen Based in Abu Dhabi, M2 is regulated by the Financial Services Regulatory Authority, as a trading platform and custodian. It is a part of wave of digital assets…