https://cointelegraph.com/news/thai-finance-ministry-releases-final-version-of-cryptocurrency-tax-framework

According to this article, Thai Finance Minister announced that crypto trades will be taxed with a 7 percent value added tax (VAT), and returns taxed with a 15 percent capital gains tax.
It also shows that Thai government made those new regulations in aim to prevent the expanding (crypto) sector from being used for money laundering, tax evasion, and other criminal activities.
I think that it is totally understanding, but don't you think that Thailand might lose some (if not a lot) of its local crypto companies, which would rather go somewhere else, more crypto-friendly such as Singapore?

In the end, crypto regulation was a good or bad move for Thailand?