Thailand introduces 0% crypto capital gains tax

Thailand has introduced a 0% capital gains tax on cryptocurrency sales made through platforms licensed by the country’s Securities and Exchange Commission. The exemption is set to run for five years, from January 1, 2025, to December 31, 2029, in an effort to establish the nation as a regional cryptocurrency hub. However, trades conducted via overseas or unlicensed exchanges will remain subject to standard personal tax rates, which can reach as high as 38%.

In a separate development, Rob Hamilton, founder of the Bitcoin Red Team, stated he has been forced to use open-source Chinese AI models for research. Hamilton noted that restrictions imposed by OpenAI prevented him from analyzing certain codebases, a move he claims hinders defenders attempting to protect Bitcoin infrastructure. The Bitcoin Policy Institute and various blockchain firms have called on AI labs to provide qualified digital asset defenders with access to advanced capabilities.

Additionally, a report from Hashed Open Research and SCBX indicates that on-chain transaction volume in the Asia-Pacific region grew by 68% year-on-year, reaching $2.36 trillion. This represents the fastest growth globally, largely driven by Southeast Asian markets.