High Taxes Prompt Indian Crypto Firms to Eye Expansion in Dubai's Welcoming Crypto Ecosystem
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India is the world's second largest crypto market, but high taxes are prompting Indian crypto firms to seek expansion in Dubai's burgeoning ecosystem.
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Dubai offers low taxes, ease of business setup, dedicated regulation, and access to global markets, attracting over 300 Indian crypto startups.
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Unicorn exchange CoinDCX is exploring expansion into the MENA region citing impressive adoption and emerging use cases around remittances.
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Top global exchanges like Binance and Coinbase are setting up operations in Dubai due to regulatory clarity and support for crypto.
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UAE's progressive regulations are prompting crypto firms to establish operations to tap growth in Middle East, Africa and Asia.