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    The UAE Exempts Crypto Transactions from VAT

    The UAE Exempts Crypto Transactions from VAT

    The UAE updated its tax laws to exempt crypto transactions from value-added tax. The change will take effect on November 15 but retroactively apply to transactions from January 1, 2018. The UAE government amended its regulations around value-added tax laws to exclude...
    SEC Flags Risks in Crypto and Emerging Tech Investment Scams

    SEC Flags Risks in Crypto and Emerging Tech Investment Scams

    The U.S. Securities and Exchange Commission (SEC) is raising alarms about the growing risks of cryptocurrency scams and other investment fraud during World Investor Week 2024. Amid the rising influence of AI, social media, and aggressive financial marketing, investors...
    Infinex integrates Wormhole to power multi-chain DeFi app

    Infinex integrates Wormhole to power multi-chain DeFi app

    Infinex is integrating Wormhole Connect for multi-chain in-app token transfers for its users. The DeFi platform will also use Wormhole Queries to bolster security and for cross-chain asset recovery. Infinex, a platform that seeks to bring more users to the...
    National Bank of Bahrain launches a Bitcoin investment fund

    National Bank of Bahrain launches a Bitcoin investment fund

    The National Bank of Bahrain launches the GCC’s first Bitcoin investment fund. The fund offers accredited investors exposure to Bitcoin as a capital-protecting option. Bahrain ranks fifth globally in Bitcoin holdings, emphasizing its crypto-friendly stance. The...
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