BlockBeats news reported on October 6 that the United Arab Emirates has made amendments to its value-added tax (VAT) regulations, which will now exempt the transfer and conversion of virtual assets, including cryptocurrencies. According to PwC, the new rules also provide VAT exemptions for services such as managing investment funds and transferring and converting virtual assets.
For more information, you can check the source [here](https://m.theblockbeats.info/news/265846)
