In a significant regulatory shift, the United Arab Emirates (UAE) has announced an exemption for cryptocurrency transactions from its 5% value-added tax (VAT). This decision, made public via an amendment to the Executive Regulation accompanying the Federal Decree Law on VAT, is poised to take effect on November 15, 2024, while also applying retroactively to
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The realm of cryptocurrency is characterized by rapid evolution, unpredictable market movements, and a constant influx of new technologies and regulations. In such a dynamic environment, the need for articulate and knowledgeable voices has never been greater. One such voice is Scott Matherson, a leading writer at NewsBTC who has made significant contributions to the
The world of gaming is undergoing a profound transformation, largely driven by the advent of blockchain technology and its underlying framework, Web3. As we approach the end of 2024, a number of tokens are emerging as vital players within this sector, proving essential for the development of decentralized gaming ecosystems. These tokens serve various purposes,
Hong Kong is paving the way for a more inclusive and regulated cryptocurrency market as the Securities and Futures Commission (SFC) prepares to issue additional licenses to crypto enterprises before the end of the year. This decision, highlighted in a report by local media outlet Hong Kong 01, follows the SFC’s recent endorsement of HKVAX,
The cryptocurrency market is a continually evolving landscape, with Bitcoin at the forefront. As one of the most discussed assets, Bitcoin’s price movements often catch the attention of analysts and investors alike. Utilizing established frameworks like the Wall Street Cheat Sheet can offer invaluable insights into the trends that influence Bitcoin’s market cycles. A recent
The landscape of cryptocurrency is shifting dramatically as privacy tokens face unprecedented challenges in the form of delistings from centralized exchanges. A recent report by Kaiko highlights that nearly 60 privacy tokens have been delisted this year, marking the highest rate since 2021. This surge in delistings serves as a wake-up call for stakeholders in
In recent months, the cryptocurrency market has been teetering on a precarious edge, driven by fluctuating investor sentiment and macroeconomic factors. However, analyst Ash Crypto posits that Bitcoin, the flagship cryptocurrency, is on an upward trajectory that could see its price reaching an astonishing $100,000 by the end of this year. This prediction is bolstered
Ethereum (ETH), one of the most notable cryptocurrencies in the digital asset landscape, is currently grappling with significant price fluctuations, sitting approximately 11% below its local peak of around $2,730. Investor sentiment is cautiously optimistic, spurred on by encouraging on-chain metrics that shed light on market dynamics. This article aims to dissect the current situation
Despite an optimistic start, the cryptocurrency market has exhibited notable fluctuations in October, particularly for Shiba Inu (SHIB). The widely anticipated “Uptober” trend, suggesting a seasonal rally for cryptocurrencies, has met with significant turbulence, resulting in uncertainty among investors. The latest developments indicate a short-lived recovery, as SHIB witnessed a 4% price increase recently, hinting
The recent settlement between TrustToken and TrueCoin, the developers behind the TrueUSD (TUSD) stablecoin, and the U.S. Securities and Exchange Commission (SEC) has raised significant concerns within the cryptocurrency space. The entities agreed to a settlement involving $700,000 in penalties for allegations of fraudulent activities, particularly regarding the unregistered sales of investment contracts. This settlement