#CryptoAdoption

UAE Abolishes VAT on Cryptocurrencies: A Major Step Toward Mass Adoption

In the United Arab Emirates (UAE), cryptocurrency transfers and conversions are now exempt from VAT, marking a significant move toward embracing digital assets. The UAE Federal Tax Authority (FTA) recently announced amendments to its regulations under Cabinet Decision No. (100) of 2024. Notably, the law update is applied retroactively, covering activities from January 1, 2018.…

By Andrej Kovacevic 8th October 2024

Coinbase Enhances User Experience with Lightning Network Integration

Coinbase, the largest U.S. cryptocurrency exchange by trading volume, announced today that it is rolling out support for the Lightning Network. This integration offers a faster and more cost-effective method for its users to send, receive, or pay with bitcoin directly from their accounts. Previously, bitcoin transactions on Coinbase were processed on-chain, meaning they could…

By Andrej Kovacevic 1st May 2024

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