Dubai Free Zone Becomes First UAE Government Entity to Accept Bitcoin

[Vishnu.Reang]

A flight ticket from India to the UAE costs less than $100. So in case Bitcoin is banned in India, the cryptocurrency users can travel to the Dubai Free Zone, sell their coins and return to India (I guess there is a maximum limit of $10,000 on cash being brought back after international travel). Looks like an attractive option for me. The best part is that the UAE doesn't have any income tax or capital gains tax, although there is a Value-added tax (VAT) of 5%.