Vismaya V

[ad_1] The United Arab Emirates (UAE) has amended its value-added tax (VAT) regulations to exempt transactions involving virtual assets, including cryptocurrencies. On Oct. 2, 2024, the UAE’s Federal Tax Authority (FTA) announced the changes under Cabinet Decision No. (100) of 2024. These amendments, effective November 15, 2024, are intended to bring clarity to the tax […]

[ad_1] On Monday, Chinese authorities explicitly recognized “virtual asset” transactions as a method of money laundering, marking the first instance in the country that such a move has been made towards the asset class. The Supreme People’s Court and the Supreme People’s Procuratorate, the country’s highest judicial bodies, jointly announced the changes during a press