In a significant development, Indian cryptocurrency companies are increasingly relocating to Dubai mainly due to the favorable digital currency climate in the United Arab Emirates (UAE). Actually the relocation of companies comes after Indian government introduced a 30 percent tax on cryptocurrency trading profits and one percent tax on transactions exceeding Rs 10000 in June 2022. Actually cryptocurrency is digital currency and people need lots of knowledge to use it.
Today with time everything is becoming digital and more efficient. If you see from digitalization we will get lots of benefit but with it there will be high risk for which people need knowledge so that they feel safe by it. Today money is also getting digital and actually cryptocurrency is digital currency which will help people for having wealth. The main reason for relocation of Indian cryptocurrency firms to Dubai is about the facility as today Dubai is able to give many facilities to Indian cryptocurrency firms for which they are doing this step.
