Odaily News The United Arab Emirates' amendments to value-added tax (VAT) regulations will exempt the transfer and conversion of virtual assets, including cryptocurrencies. PwC said the new regulations include VAT exemptions for additional services, including the management of investment funds and the transfer and conversion of virtual assets, and the exemption for the transfer and conversion of virtual assets will apply retroactively from January 1, 2018. (Cointelegraph)