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Is cryptocurrency taxed in the United Arab Emirates? It's a question that many investors and crypto enthusiasts are keen to know the answer to. Given that the UAE offers the advantage of zero income tax, does this extend to capital gains as well? Dubai, a key hub within the Emirates, views cryptocurrency as an investment asset, rather than a currency. This classification is significant as it suggests that crypto transactions may not be taxed as strictly as traditional currencies. So, does this mean that UAE residents enjoy zero capital gains tax on their crypto investments? It's a fascinating topic that deserves further exploration.
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