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Cryptocurrency discussions / Re: Countries With The Highest Rates Of Crypto Ownership (Poll)
« on: Today at 11:27:29 AM »The Emirates are generally very open to new technologies and have proposed zero taxes for crypto owners and businesses.Tax matters and also the culture in the UAE is very suitable as a place for people who are active in the world of cryptocurrency. We can see that the country is a rich country and that is clearly very attractive for everyone who wants to experience freedom in adopting cryptocurrency. Even though not many people want to bother changing citizenship to the UAE, at least the regulations there are more flexible and interesting to live in.
Taxes in some countries sound really scary, such as in Japan which taxes other income (including from cryptocurrency trading) at up to 55%. Most likely this is a profit from trading, so for those who have experienced the jackpot from Memecoin and are Japanese citizens, then less than 50% of the profit will enter their wallet. That's why the UAE is more attractive because of its 0% tax.