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[Suspicious link removed]mption-crypto-income-five-years
This is a smart and progressive move by Thailand. Offering tax exemptions on gains through approved exchanges strikes a good balance between adoption and regulation. Allowing tourists to spend crypto is even more exciting it shows real-world use is becoming a priority. Thailand could become a key crypto-friendly destination if this is rolled out well.