Thailand’s 0% crypto tax. Bitcoin Red Team forced to use Chinese AI: Asia Express
The Bitcoin Red Team has been forced to rely on open source Chinese AI, after OpenAI restricts access. Thailand sets crypto tax to 0% in bid to become crypto hub.
THAILAND
For the next few years crypto investors in Thailand won’t have to pay any capital gains taxes on sales made via platforms licensed by Thailand’s Securities and Exchange Commission. The exemption is for five years and covers the period of January 1 2025, through to December 31 2029.
The scheme aims to boost Thailand’s attractiveness as a regional crypto hub, and it’s already home to a growing community of crypto digital nomads
However trades on unlicensed or overseas exchanges will still face standard personal tax rates as high as 38%. The exemption aligns the tax treatment of crypto with capital gains from traditional securities in the country.
Thailand previously waved 7% value added tax on crypto gains in early 2024.