Thailand's move to exempt crypto transfers through government-approved exchanges is pretty interesting.
I had to look up the news because I didn't know what you were talking about. I found this, for example:
https://news.bitcoin.com/thailand-exempts-crypto-transfers-from-vat-until-end-of-2023/What I don't understand is, in Thailand is VAT applied to transfers? There is nothing added there. VAT is supposed to be a tax that is levied when there is value added, and I am not aware of such a tax being applied elsewhere, as capital gains tax is usually applied if you earn money, but VAT as if when you buy a loaf of bread?
Well, each country may have its own rules. The doubt I have now is that I guess they apply VAT but not capital gains, no? Or do they apply both. Let's see if someone who lives in Thailand clarifies.