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Thailand’s 0% crypto tax. Bitcoin Red Team forced to use Chinese AI: Asia Express
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Cointelegraph.com News
The Bitcoin Red Team has been forced to rely on open source Chinese AI, after OpenAI restricted access.
Thailand sets crypto tax to 0% in bid to become crypto hub.
The exemption aligns the tax treatment of crypto with capital gains from traditional securities in the country.
Thailand previously waved 7% value added tax on crypto gains in early 2024.
The request calls on exchanges to restrict crypto withdrawals for a specified period after customers deposit fiat currency or purchase digital assets.