#CryptoAdoption

The restaurant industry is experiencing a digital revolution, with Decentralized Finance (DeFi) emerging as a key player in optimizing financial operations. Leveraging blockchain technology, DeFi offers a groundbreaking alternative to traditional payment systems by reducing costs, improving transaction speed, and enhancing security. With its ability to streamline operations and boost profitability, DeFi represents a significant…

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.…

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…