December 26, 2024

Rise To Thrive

Investing guide, latest news & videos!

UAE emerges as a pro-Bitcoin mining destination in the Middle East

1 min read
UAE emerges as a pro-Bitcoin mining destination in the Middle East

The United Arab Emirates (UAE) is gradually solidifying its status as a go-to Bitcoin (

With Bitcoin mining focused on using clean energy sources, UAE over the next decade could see a significant chunk of its energy coming from nuclear and renewable sources. Thus, the surplus from these sources could be utilized by miners in the country. Another advantage for miners touted by the country is its zero tax policy.

This means Bitcoin miners can register in one of the country’s more than 30 free trade zones and avoid corporate tax, VAT, and import duties. While there are no specific laws governing the crypto mining industry, miners can operate in legal free trade zones, which could imply a significant advantage over operating in the West.

Magazine: Crypto City: Guide to Dubai