Michele
Sat Jun 08 2024
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7 answers
1757
How to avoid crypto taxes in Dubai?
I'm curious, how can one avoid crypto taxes in Dubai? Is there a legal way to structure my investments in cryptocurrencies so that I don't have to pay taxes on my gains? Or are there any specific tax shelters or exemptions that I can take advantage of? I've heard rumors about certain loopholes, but I want to make sure I'm staying within the legal framework. Could you please clarify the situation for me?
Carlo
Sat Jun 08 2024
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7 answers
1783
Is Dubai a crypto hub?
Could you possibly elaborate on the question, "Is Dubai a crypto hub?" I'm interested in understanding the basis for this inquiry. Dubai, being a global city, often attracts various industries and technologies. But specifically, what attributes or developments within Dubai suggest it might be a hub for cryptocurrency? Are there particular policies, companies, or events that are indicative of Dubai's crypto significance? Additionally, how does Dubai compare to other potential crypto hubs around the world? Your insights would be greatly appreciated.
CharmedClouds
Sat Jun 08 2024
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7 answers
1525
Which crypto exchange is legal in Dubai?｜The top crypto exchanges in UAE and Dubai include MEXC, OKX, Binance, Bybit, Uphold, eToro, Bitget, and Kraken.
Could you please elaborate on which cryptocurrency exchanges are considered legal in Dubai? Among the various options mentioned, such as MEXC, OKX, Binance, Bybit, Uphold, eToro, Bitget, and Kraken, which ones are specifically compliant with Dubai's legal framework? Are there any specific regulatory bodies or licenses that these exchanges need to possess in order to operate legally in the emirate? Also, could you provide any insights into the safety and reliability of these exchanges for individuals residing in Dubai?
WhisperWind
Sat Jun 08 2024
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7 answers
1696
How much does a crypto license cost in UAE?｜The total cryptocurrency license cost in Dubai includes initial approval fees (AED 1,035), registration fees (AED 9,020), Memorandum of Association (MOA) fees (AED 2,020), estimated crypto trading license cost (AED 21,575), and GCS professional fees (AED 1,500).
I'm curious, could you please clarify the costs associated with obtaining a crypto license in the UAE? Specifically, I'd like to know about the breakdown of the expenses. For instance, how much is the initial approval fee? Are there registration fees involved? And what about the Memorandum of Association (MOA) fees? Additionally, I'm interested in understanding the estimated cost for a crypto trading license and any GCS professional fees that may apply. Could you provide these details in AED?
Federico
Sat Jun 08 2024
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7 answers
1501
What currencies does Dubai accept?
Could you please clarify which currencies are accepted in Dubai? I'm interested in knowing if it's primarily the local currency or if there's a wide range of options, including cryptocurrencies. Additionally, are there any specific foreign currencies that are commonly used or accepted in the city? Understanding the currency situation in Dubai would greatly help me in my travel planning.
