UAE Exempts Crypto Transactions From Value Added TaxThe UAE has exempted all crypto transactions from value-added tax, enhancing the legitimacy of the virtual assets sector.
What Visa's Organic' Stablecoin Report MissesStablecoin transactions in crypto are largely driven by bots, with less than 10% involving real people.
More than 90% of stablecoin transactions aren't from real users, study findsStablecoin transaction volumes mainly from non-genuine users raise concerns about their widespread use as a payment method.
EU's MiCA Rules Have Had Little Influence on the European Crypto Market, Regulator SaysMiCA regulation has not led to an increase in euro-denominated crypto transactions.Euro's share in crypto transactions remains at 10% with stablecoins forming over 60% of all transactions.
What Visa's Organic' Stablecoin Report MissesStablecoin transactions in crypto are largely driven by bots, with less than 10% involving real people.
More than 90% of stablecoin transactions aren't from real users, study findsStablecoin transaction volumes mainly from non-genuine users raise concerns about their widespread use as a payment method.
EU's MiCA Rules Have Had Little Influence on the European Crypto Market, Regulator SaysMiCA regulation has not led to an increase in euro-denominated crypto transactions.Euro's share in crypto transactions remains at 10% with stablecoins forming over 60% of all transactions.
Indonesia's Crypto Tax Revenue Falls 63% in 2023 Despite Bitcoin's SurgeIndonesia's tax revenue from crypto in 2023 was $31.7 million.Crypto transactions in Indonesia are subject to dual taxation.