Quote from: tech30338 on June 17, 2025, 02:23:16 PM

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-years

This is fantastic news. While some may be dismissive about the part that requires an exchange to be approved by the government, the rule has complete sense. More countries should follow suit, and encourage the use of crypto. Their economies would benefit from it. I wasn't expecting such a positive announcement.

Quote from: Yaunfitda on Today at 11:51:01 AM

Quote from: Lucius on June 19, 2025, 10:25:49 AM

Be that as it may, I don't think that their tourism will profit too much from that, because once there was also a crypto island Boracay (Philippines), but tourists simply did not show interest in paying with Bitcoin and in the end that small company that provided payment intermediary services closed down.

The percentage of people who are willing to pay for goods and services with cryptocurrencies is, in my opinion, less than 10%.

That is the thing with crypto, even if we say that country like Philippines which is friendly and a tourist spot because of the beautiful beaches in Boracay, still it's not much adopted there. I still remember one bar that used to accept Bitcoin, and probably it closes too. In any case, this is a welcoming news from us and hopefully this time, Thailand government is going to be open on accepting Bitcoin and all other cryptocurrencies. The world is shaping specially Asian countries and they fully understand that crypto will be a game changing that's why almost all of the neighboring countries are giving it a try.

The local people have to push towards adoption where they live. Most of these places won't onboard themselves. They need help and pushing and the other hand promotion so that is it known that they accept crypto. If they accept it but no tourist knows about it, nobody is going to use it. It costs an additional $0 per month to accept crypto.

bullbandit9

Posts

Merits