Thailand now is making a move allowing tax exemption for gains in crypto, this will boost crypto in their country, but with the exemption should only valid if the gains are done on exchange approve by their government.
They also have plans to allow tourist to spend using crypto, this is very exciting as some people want to use crypto as payment.
What can you say about this move of Thailand?
Here is the link of the news:https://cointelegraph.com/news/thailand-tax-exemption-crypto-income-five-yearsThailand is taking important steps to revive the cryptocurrency market and make the country a digital asset hub. Thailand is planning to allow tourists to spend with cryptocurrencies to revive tourism. This is true. Thailand is taking every step necessary to revive tourism and this revival is actually happening.
When the right steps are taken, most countries can actually grow and revive again. Thailand is a very good example. Thousands of people will go on holiday to Thailand just to spend cryptocurrencies in Thailand.