Global

Policy & Legal Updates

China Expands International Commercial Courts to Handle Cross-Border Trade Disputes

China has expanded its network of China International Commercial Courts (CICCs) and dispute-resolution infrastructure since 2018 to handle rising cross-border commercial cases. The national-level court has concluded 37 cases worth over RMB 13.8 billion ($2 billion), while 18 local intermediate courts have established municipal-level CICCs. A Jamestown Foundation study notes that empirical research shows mixed findings regarding domestic bias, with factors like state-owned joint ventures influencing outcomes.

Policy & Legal Updates

No Capital Gains Tax Does Not Mean Crypto Profits Are Tax-Exempt

An analysis published by TechFlow clarifies that the absence of capital gains tax does not make cryptocurrency profits universally tax-exempt. In the UAE, qualifying personal investment gains remain exempt, but business activities with annual turnover exceeding AED 1 million enter the corporate tax net, where profits above AED 375,000 face a 9% rate. Globally, tax liabilities depend heavily on income classification between personal holdings and active commercial trading.

Policy & Legal Updates

UAE-Led Operation Ghost Confrontation Identifies $39 Billion in Fraud-Linked Assets Across 30 Nations

A three-month international law enforcement crackdown led by the UAE Ministry of Interior identified over $39 billion in fraud-linked assets and thwarted more than 123 million online fraud attempts worldwide. The operation engaged 30 countries—including China and the UAE—alongside international agencies and 13 major technology and financial corporations. Joint enforcement measures led to more than 960 arrests, the freezing of 4,126 bank accounts, and raids on 29 fraud hubs.

Policy & Legal Updates

UAE-Led Global Operation Blocks 123m Online Fraud Attempts and Identifies $39bn Assets

A UAE-led international operation thwarted over 123.71 million online fraud attempts and identified more than $39 billion in fraud-linked assets. The three-month crackdown involved law enforcement from 30 countries, including China, alongside international organisations and major private technology firms. The initiative led to the arrest of over 960 individuals, the blocking of 4,126 bank accounts, and raids on 29 fraud centres.