🌌 Eclipse Capital | Empowering the next wave of #Web3 & #Blockchain innovation. Backing visionary founders with capital, insights, and strategic support. 🚀
Eclipse Capital on Partnership with @cobrachaintoken💡
At Eclipse Capital, we’re always on the lookout for projects that push the boundaries of blockchain tech. That’s why we’ve backed Cobra Chain!
#CryptoProject#x1000Gems
📖 EXPLAINED: Dubai Crypto Tax Guide for Expats
Living in Dubai and interested in crypto? Here's what you need to know about the tax situation: 👇
• Expats in Dubai enjoy a tax-free environment for individual cryptocurrency activities, including trading, holding, mining and staking.
• Since June 2023, businesses earning over 375,000 AED annually, including crypto exchanges and asset management firms, are subject to a 9% corporate tax on profits.
• Dubai imposes a 5% Value Added Tax (VAT) on goods and services, which can apply when crypto is used to pay for products or services.
• The cherry on top? Dubai's free zones (DMCC & DIFC) offer zero corporate tax, 100% foreign ownership, and direct access to the entire blockchain ecosystem.
🪙 Paolo Ardoino explained how Tether @tether
cooperates with global governments and how the firm looks forward to regulations.
#Tether#PaoloArdoino#Stablecoin
https://t.co/2kUJYn5LqV
Crypto hedge fund managers JellyC and Trovio Asset Management have merged as part of an effort to attract allocations from institutional investors such as pension funds https://t.co/PUmDmRadIV
The Nigerian government dropped charges against a Binance Holdings executive standing trial on allegations of money laundering and currency manipulation, who had been detained in the country since February https://t.co/dTkJ6Yo9pX