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-yearsI hope our SEC does the same here in our country, not like we are the ones harassing the crypto community here in our country. So I can tell the crypto enthusiasts in that country that
they are very lucky that they have a government that is open and not strict on btcoin or cryptocurrency.
Thailand is only a small country but because they are open to opportunity, they saw the potential in bitcoin and blockchain technology. So that's good news and another boost for us,
honestly speaking.